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 CHI030
Class of financial product Unsecured, unsubordinated, 6
year fixed rate bonds due 14
November 2029 (Bonds)
ISIN (If unknown, check on NZX website) NZCHIDT003C0
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed Issue of 100,000,000 Bonds
Nominal value (if any) $100,000,000 ($1.00 per Bond)
Issue/acquisition/redemption price per security $1.00 per Bond
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/acquisition/redemption and specific
authority for issue/acquisition/redemption/ (the reason for
change must be identified here)
Reason for issue: Applications
received and processed under
the Indicative Terms Sheet for the
offer of Bonds dated 30 October
2023 and the Final Terms Sheet
dated 3 November 2023 (Terms
Sheets). The net proceeds of the
issue of the Bonds are intended
to be applied towards the
purposes set out in those Terms
Sheets.

Specific authority for the issue:
Board resolutions dated 29
October 2023
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.
100,000,000 Bonds

No Bonds are held as Treasury
Stock

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
Authorised by Board resolutions
dated 29 October 2023
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
The terms of the issue are
described in the Terms Sheets.
Date of issue/acquisition/redemption 14/11/2023
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 8311
Contact email address investorrelations@channelnz.com
Date of release through MAP

14/11/2023