Chorus issues 10 year bond

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

Email: company.secretary@chorus.co.nz






STOCK EXCHANGE ANNOUNCEMENT

3 December 2020

Notification of issue of CNU040 Bonds

Chorus Limited has issued 10 year Bonds (CNU040) as set out in the attached notice.

Authorised by:

David Collins
Chief Financial Officer

ENDS

For further information:

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

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

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Capital Change Notice



Section 1: Issuer information
Name of issuer Chorus Limited
NZX ticker code CNU040
Class of financial product
Unsecured, unsubordinated,
fixed rate debt securities
ISIN (If unknown, check on NZX website) NZCNUDT005C1
Currency NZ$
Section 2: Capital change details
Number issued/acquired/redeemed 200,000,000 issued
Nominal value (if any) NZ$1.00 per bond
Issue/acquisition/redemption price per security NZ$1.00 per bond
Nature of the payment (for example, cash or other
consideration)
Payment in cash
Amount paid up (if not in full) The bonds are fully paid up
Percentage of total class of Financial Products
issued/acquired/redeemed/ (calculated on the number of
Financial Products of the Class, excluding any Treasury Stock,
in existence)
100%
For an issue of Convertible Financial Products or Options, the
principal terms of Conversion (for example the Conversion
price and Conversion date and the ranking of the Financial
Product in relation to other Classes of Financial Product) or the
Option (for example, the exercise price and exercise date)
N/A
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Allotment under Final Terms
Sheet dated 20 November
2020, the proceeds of which
will be used to refinance
Chorus’ NZ$400 million retail
bond maturing on 6 May 2021
and for general corporate
purposes
Total number of Financial Products of the Class after the
issue/acquisition/redemption/Conversion (excluding Treasury
Stock) and the total number of Financial Products of the Class
held as Treasury Stock after the issue/acquisition/redemption.
200,000,000
In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
N/A
Specific authority for the issue, acquisition, or redemption,
including a reference to the rule pursuant to which the issue,
acquisition, or redemption is made
Resolution of directors
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
As set out in the Supplemental
Deed dated 17 November
2020 and the Final Terms

Sheet dated 20 November
2020
Date of issue/acquisition/redemption 2 December 2020
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement
David Collins, Chief Financial
Officer
Contact person for this announcement
Brett Jackson, Investor
Relations Manager
Contact phone number +64 4 896 4039
Contact email address brett.jackson@chorus.co.nz
Date of release through MAP 3/12/2020