On 20 November, Chorus revised the margins for its NZ$200-400 million (US$138.3-276.7 million) dual-tranche transaction. The 2027 tranche has been revised to 140-145 basis points over mid swap, from 140-150, and the 2030 tranche has been revised to 170-175 basis points over mid swap, from 170-180. The bookbuild for the deal is expected to be completed on 20 November.
