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The latest announcement is out from Chorus Limited ( (CHRUF) ).
Chorus Limited successfully closed its offer of unsecured, subordinated, redeemable, cumulative, interest-bearing capital notes, raising NZ$170 million through a bookbuild process. The capital notes are set to be issued on 6 June 2025 and will be quoted on the NZX Debt Market by 9 June 2025. This successful capital raising is expected to enhance Chorus’s financial flexibility and support its ongoing infrastructure investments, potentially strengthening its position in the telecommunications sector.
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 network, which supports broadband and other communication services across the country.
Learn more about CHRUF stock on TipRanks’ Stock Analysis page.