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Chorus Confirms $170M Capital Notes Offer with S&P Equity Content Approval
1:48am on Monday 2nd of June, 2025 AEST
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Chorus Confirms $170M Capital Notes Offer with S&P Equity Content Approval
1:48am on Monday 2nd of June, 2025 AEST
Key Points
Replacement PDS lodged with updated offer timetable
Offer size up to NZD 170 million, 31-year unsecured subordinated notes
S&P assigns BB+ rating with 50% equity content until 2031
Interest fixed for six years, then resets with step-up margins
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Chorus (ASX:CNU)
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