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
Price at posting:
$2.25 Sentiment: None Disclosure: Held
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