CNU020 – Interest Rate Reset for Bonds
Chorus Limited
Level 10, 1 Willis Street
P O Box 632
Wellington
New Zealand
Email: company.secretary@chorus.co.nz
STOCK EXCHANGE ANNOUNCEMENT
21 November 2023
CNU020 – Interest Rate Reset for Bonds
Chorus refers to its NZ$500,000,000 unsecured, unsubordinated fixed rate
bonds, listed under ticker CNU020 (Bonds). The Bonds have a 10 year
term, maturing on 6 December 2028.
Under the terms of the Bonds, the interest rate is due to be re-set on 6
December 2023 (the Reset Date) for the second five-year period (from 7
December 2023 to 6 December 2028). The re-set interest rate will be set
at the sum of:
• the five year swap rate on 6 December 2023, plus
• a margin of 1.80% per annum.
That reset interest rate will be announced by Chorus via the NZX on or
shortly after the Reset Date.
Authorised by:
Mark Aue
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
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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