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The latest announcement is out from Chorus Limited ( (CHRUF) ).
Chorus Limited has announced the issuance of NZ$170 million in unsecured, subordinated, redeemable, cumulative, interest-bearing capital notes, designated as CNU050. The funds raised through this issuance will be utilized to finance the repayment and redemption of Crown Funding Securities due on 30 June 2025, reflecting a strategic financial maneuver to manage existing obligations and potentially strengthen the company’s financial position.
More about Chorus Limited
Chorus Limited operates in the telecommunications industry, primarily providing broadband infrastructure services in New Zealand. The company focuses on delivering high-speed internet and related services to enhance connectivity across the region.
Learn more about CHRUF stock on TipRanks’ Stock Analysis page.