Chorus launches 10-year domestic deal

Chorus (BBB/Baa2) launched a NZ$300 million (US$202.6 million), with the ability to accept oversubscriptions, 10-year domestic deal on 14 November. The forthcoming deal, which is being offered to institutional and New Zealand retail investors under same-class exemption rules, has an indicative margin of 1.80-1.90 per cent and a minimum interest rate of 4.35 per cent. The margin and interest rate will be set on 23 November following a bookbuild.