Capital Change Notice – Issue of Bonds

Capital Change Notice





Section 1: Issuer information
Name of issuer Channel Infrastructure NZ Limited
(Channel Infrastructure)
NZX ticker code CHI020
Class of financial product Unsecured, unsubordinated, fixed
rate bonds
ISIN (If unknown, check on NZX website) NZCHIDT002C2
Currency NZD
Section 2: Capital change details
Number issued 100,000,000
Nominal value (if any) $1.00 per Bond
Issue price per security $1.00
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) Fully paid up
Percentage of total class of Financial Products issued
(calculated on the number of Financial Products of the
Class, excluding any Treasury Stock, in existence)
100% (post allotment)
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 and specific authority for issue (the reason
for change must be identified here)
The net proceeds of this Offer are
to be applied towards repaying a
portion of Channel
Infrastructure’s existing bank debt
and will also provide Channel
Infrastructure with diversification
of funding that aligns with an
infrastructure business.

Specific authority for the issue:
the resolutions passed by the
board of directors of Channel
Infrastructure on 26 April 2022.
Total number of Financial Products of the Class after the
issue (excluding Treasury Stock) and the total number of
Financial Products of the Class held as Treasury Stock after
the issue.
100,000,000
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
The resolutions passed by the
board of directors of Channel
Infrastructure on 26 April 2022.
Rule 3.13.1 of NZX Listing Rules.
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
As set out in the Product
Disclosure Statement dated 28
April 2022 relating to the offer by
Channel Infrastructure of
unsecured, unsubordinated, fixed
rate bonds.

Date of issue 20 May 2022
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement
Chris Bougen
General Counsel and Company
Secretary
Contact person for this announcement Chris Bougen
Contact phone number +64 9 432 831
Contact email address investorrelations@channelnz.com
Date of release through MAP

20 May 2022