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Friday 20th November 2020 |
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Chorus today announced that following strong investor demand for its offer of seven and ten year unsecured, unsubordinated, fixed rate bonds (Bonds), it has allocated NZ$400,000,000 across both Series of Bonds. This includes oversubscriptions of NZ$200,000,000.
Issue Amounts for each Series:
• 2027 Bonds – NZ$200,000,000; and
• 2030 Bonds – NZ$200,000,000.
The Issue Margin for each Series of Bonds has been set at:
• 2027 Bonds – 1.40% per annum; and
• 2030 Bonds – 1.70% per annum.
The Interest Rate for each Series will be announced later today along with the Final Terms Sheet.
See the link below for more details:
Chorus closes retail Bond offer
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