Ann: GENERAL: TEL: Telecom issues NZ$50 million 7

• Release Date: 11/12/12 17:05
• Summary: GENERAL: TEL: Telecom issues NZ$50 million 7 year domestic notes
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TEL
11/12/2012 15:05
GENERAL

REL: 1505 HRS Telecom Corporation of New Zealand Limited

GENERAL: TEL: Telecom issues NZ$50 million 7 year domestic notes

STOCK EXCHANGE ANNOUNCEMENT
11 December 2012

Telecom issues NZ$50 million, 7 year domestic notes
Telecom has today announced the issue of NZ$50 million, seven year domestic
notes by TCNZ Finance Limited.

The issue represents an increase to the NZ$200 million, seven year notes
issued on 25 October 2012 and brings the total outstanding issue size of the
transaction to NZ$250 million. The notes pay a coupon of 5.25% and mature on
25 October 2019.

The proceeds of the notes will be used to refinance debt and for general
corporate purposes.

- ends -

For more information:
Mark Laing
General Manager Capital Markets & Investor Relations
+64 (0) 27 227 5890
End CA:00230972 For:TEL    Type:GENERAL    Time:2012-12-11 15:05:20