Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Chorus Limited ( (CHRUF) ) has provided an update.
Chorus Limited has announced the launch of a capital notes offer, aiming to raise up to $170 million through unsecured, subordinated, redeemable, cumulative, interest-bearing capital notes. The offer, which is open to New Zealand investors, will close on 29 May 2025. The capital notes have a 31-year term with potential early redemption and a fixed interest rate for the first six years. The notes have received credit ratings of BB+ from S&P Global Ratings and Baa3 from Moody’s, reflecting their subordination and potential for deferred interest payments. This financial move is expected to bolster Chorus’s capital structure and provide flexibility in its funding strategy.
More about Chorus Limited
Chorus Limited operates in the telecommunications industry, primarily focusing on providing network infrastructure services in New Zealand. The company is known for its extensive fiber optic network, which supports broadband connectivity across the country.
Find detailed analytics on CHRUF stock on TipRanks’ Stock Analysis page.