Chorus launches NZ$200 million dual-tranche transaction

On 17 November, Chorus launched a NZ$200 million (US$138.2 million), dual-tranche transaction, with the ability to take oversubscriptions, offered to New Zealand retail and institutional investors across seven- and 10-year maturities. The deal is being marketed at 140-150 and 170-180 basis points area over mid-swap.