Chorus closes its retail bond offer

Chorus Limited
Level 10, 1 Willis Street
P O Box 632
Wellington
New Zealand

Email: company.secretary@chorus.co.nz





STOCK EXCHANGE ANNOUNCEMENT

20 November 2020


Chorus closes its retail bond offer

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.
All of the Bonds have been allocated and there will be no public pool available.
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.
Unless the context requires otherwise, capitalised terms used in this announcement have
the meanings given to them in the Indicative Terms Sheet.

For further information please contact:

Joint Lead Managers





0800 269 476

0800 226 263



0800 367 227 0800 942 822

Authorised by:

David Collins
Chief Financial Officer

ENDS



For further information:

Steve Pettigrew
Head of External Communications
Mobile: +64 (27) 258 6257
Email: Steve.Pettigrew@chorus.co.nz

Brett Jackson
Investor Relations Manager
Phone: +64 4 896 4039
Mobile: +64 (27) 488 7808
Email: Brett.Jackson@chorus.co.nz