New Issues

 

Chorus Limited

Issuer

Chorus Limited

Issue type unsecured, unsubordinated, fixed rate bonds
Rank Ranks equally with other similar securities
Maturity 6 May 2021
Early redemption subject to terms outlined in the investment statement
Coupon (%) tba
Amount $300 million + $100 mln in oversubscriptions
Opening date 14 April 2016
Closing date 4 May 2016
Minimum parcel size $5,000 and then in multiples of $1,000
Listed Yes, under code CNU010
Credit rating Standard & Poors BBB
Lead manager(s)

ANZ & Westpac (NZ branch); Co-managers: BNZ, Deutsche Craigs, First NZ Capital, Forsyth Barr & Macquarie

Information

Product Disclosure Statement

News

Chorus new bond issue.

Notes

  • Swap or NGZS plus a margin means the actual rate will be set at that margin over the relevant maturity swap rate or Government bond rate, usually a couple of days before the issue date. Click here for swap rates and here for Government bond rates.
  • The amount on offer is usually allocated to brokers who then accept subscriptions up to their allocations. The lead manager(s) control the allocation of bonds. There can be a public pool which is not allocated and subscriptions under the public pool are made directly to the issuer or lead manager(s).
  • Listing on NZDX unless stated otherwise.