Chorus issues Australian $300 million medium term notes
STOCK EXCHANGE ANNOUNCEMENT
18 September 2023
Chorus Limited
Level 10, 1 Willis Street
P O Box 632
Wellington 6140
New Zealand
Email:
company.secretary@chorus.co.nz
Chorus issues Australian $300 million medium term notes
Chorus has today completed its inaugural issue of A$300 million fixed rate notes under
its new wholesale Australian Medium Term Note (AMTN) programme. The notes carry
a fixed coupon of 5.974% per annum and mature on 18 September 2030.
This was Chorus’ first issue into the Australian wholesale debt market and it received
strong support with an order book of about A$1.4 billion. The transaction was open to
institutional investors only and has been rated BBB by S&P Global Ratings and Baa2 by
Moody’s.
Australia and New Zealand Banking Group Limited, Citigroup Global Markets New
Zealand Limited and Westpac Banking Corporation acted as joint lead managers on the
transaction. The proceeds from the new notes will be used to refinance the remaining
EUR209 million notes due to mature in October 2023.
Authorised by:
Katrina Smidt
Deputy Chief Financial Officer
ENDS
For further information:
Andrew Hopkinson
Treasurer
Mobile: +64 (27) 249 5678
Email: Andrew.Hopkinson@chorus.co.nz
Brett Jackson
Investor Relations Manager
Mobile: +64 (27) 488 7808
Email: Brett.Jackson@chorus.co.nz
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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