CNU
30/03/2016 11:48
GENERAL
PRICE SENSITIVE
REL: 1148 HRS Chorus Limited (NS)
GENERAL: CNU: Chorus lodges product disclosure statement for bond offer
STOCK EXCHANGE ANNOUNCEMENT
30 March 2016
Chorus lodges product disclosure statement for bond offer
Chorus has announced an offer of up to $300 million (with the ability to
accept up to $100 million of oversubscriptions at Chorus' discretion) of five
year, unsecured, unsubordinated, fixed rate bonds maturing on 6 May 2021 to
institutional investors and New Zealand retail investors. The offer is
expected to open 14 April 2016 and to close on 4 May 2016.
The bonds are expected to be quoted on the NZX Debt Market and expected to be
assigned a BBB rating by Standard & Poor's and Baa2 by Moody's.
Chorus has appointed ANZ and Westpac Banking Corporation (acting through its
New Zealand branch) as Joint Lead Managers, and Bank of New Zealand, Deutsche
Craigs, First NZ Capital, Forsyth Barr and Macquarie Capital, as Co-Managers
in relation to the offer.
Full details of the offer are contained in the Product Disclosure Statement
(PDS) which was lodged today. The PDS is available through
www.chorus.co.nz/nz-retail-bond-offer or by contacting a Joint Lead Manager
or the Co-Managers, and must be obtained by investors before they decide to
acquire any bonds. There are restrictions on offering, issuing or selling
bonds outside New Zealand, as set out in the Disclose Register
www.business.govt.nz/disclose.
There is no public pool for the offer, with all of the bonds being reserved
for clients of the Joint Lead Managers, Co-Managers, NZX participants and
other approved financial intermediaries.
Interested investors should contact the Joint Lead Managers, the Co-Managers
or their usual financial advisor for more details.
Joint Lead Managers
ANZ - 0800 269 476
Westpac Banking Corporation (acting through its New Zealand branch) - 0800
942 822
Co-Managers
Bank of New Zealand - 0800 248 017
Deutsche Craigs - 0800 226 263
First NZ Capital - 0800 005 678
Forsyth Barr - 0800 367 227
Macquarie Capital - 0800 742 737
ENDS
For further information:
Andrew Hopkinson
Treasurer
Phone: +64 4 896 4014
Mobile: +64 (27) 249 5678
Email: [email protected]
Brett Jackson
Investor Relations Manager
Phone: +64 4 896 4039
Mobile: +64 (27) 488 7808
Email: [email protected]
End CA:00280017 For:CNU Type:GENERAL Time:2016-03-30 11:48:13
