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Chorus Limited ( (CHRUF) ) just unveiled an update.
Chorus Limited has announced its consideration of offering up to $170 million in unsecured, subordinated, redeemable, cumulative, interest-bearing capital notes to New Zealand investors. The capital notes are expected to have a credit rating of BB+ from S&P Global Ratings and Baa3 from Moody’s, reflecting their subordination and potential for deferred interest payments. Forsyth Barr Limited and Bank of New Zealand have been appointed as joint lead managers for the proposed offer, which aims to enhance Chorus’s financial flexibility and market positioning.
More about Chorus Limited
Chorus Limited operates in the telecommunications industry, primarily providing network infrastructure and services in New Zealand. The company focuses on delivering broadband and related services, playing a crucial role in the country’s digital connectivity landscape.
YTD Price Performance: 2.38%
Technical Sentiment Signal: Strong Sell
Current Market Cap: $2.11B
For a thorough assessment of CHRUF stock, go to TipRanks’ Stock Analysis page.