Channel announces interest rate for bond offer

channelnz.com


NZX RELEASE
3 November 2023

Channel Infrastructure sets interest rate for its unsecured, unsubordinated,
fixed rate bond offer

Channel Infrastructure NZ Limited (Channel Infrastructure) earlier today announced that following the
successful bookbuild process for its offer of 6 year, unsecured, unsubordinated, fixed rate bonds
(Bonds) maturing on 14 November 2029, $100,000,000 of Bonds have been allocated to participants
(or their clients) in the bookbuild process.

The interest rate for the Bonds has been set at 6.75% per annum, being the minimum interest rate for
the Bonds.

The issue date for the Bonds is 14 November 2023. The Bonds are expected to be quoted on the NZX
Debt Market under the ticker code CHI030 and commence trading on 15 November 2023.

A copy of the final terms sheet (updated for the interest rate set out above) will be provided to NZX
shortly.

For further details investors can contact one of the Joint Lead Managers (details below), or their usual
financial advice provider.


Joint Lead Managers




0800 269 476 0800 226 263 0800 367 227 0800 005 678


-ENDS-

Authorised by:

Chris Bougen
General Counsel and Company Secretary

Contact details:

Investor Relations contact:
Anna Bonney
investorrelations@channelnz.com

Media contact:
Laura Malcolm
communications@channelnz.com

channelnz.com
About Channel Infrastructure

Channel Infrastructure’s vision is to be a world-class infrastructure company, delivering resilient
infrastructure solutions to help meet changing fuel and energy needs.
Channel Infrastructure’s assets are a critical part of the Northland and Auckland fuel supply chain,
supplying around 40% of New Zealand’s transport fuel demand and all of the jet fuel to the Auckland
International Airport. Utilising the deep-water harbour and jetty infrastructure at Marsden Point, as well
as 280 million litres of storage tanks, and the 170-kilometre pipeline from Marsden Point to Auckland
we receive, store, test and distribute fuel owned by our customers. Channel Infrastructure’s wholly-
owned subsidiary, Independent Petroleum Laboratory Limited, provides fuel quality testing services at
Marsden Point and around New Zealand.
Channel Infrastructure will seek to support New Zealand’s decarbonisation ambitions, by utilising our
strategically-located assets and our expertise in supply chain infrastructure. The Company remains
focused on its future growth opportunities at the Marsden Point site and beyond, including additional
fuel storage to support fuel security and studies underway with partners on hydrogen and sustainable
aviation fuel opportunities.
For more information on Channel Infrastructure, please visit: www.channelnz.com