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Chorus Limited ( (CHRUF) ) has shared an update.
Chorus Limited has announced a product disclosure statement for an offer of up to NZ$170 million in capital notes to New Zealand investors. These unsecured, subordinated, redeemable, cumulative, interest-bearing notes have a 31-year term with potential early redemption options. The offer, which is not available to the public, is expected to open on 19 May 2025 and close on 22 May 2025, with the notes being issued on 3 June 2025. The capital notes are expected to be rated BB+ by S&P Global Ratings and Baa3 by Moody’s, reflecting their subordination and potential for deferred interest payments.
More about Chorus Limited
Chorus Limited is a telecommunications infrastructure company based in New Zealand, primarily focusing on providing broadband and internet services. The company plays a significant role in the country’s telecommunications industry by managing a substantial portion of the network infrastructure.
Average Trading Volume: 399,055
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$3.25B
Learn more about CHRUF stock on TipRanks’ Stock Analysis page.
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