Communication services company Chorus Limited (ASX: CNU) priced a 7-year issue of EUR300 million notes under its existing Euro Medium Term Note (EMTN) programme:
- The notes carry a fixed coupon of 0.875% per annum and mature on 5 December 2026;
- The proceeds from the new notes will be used as part of the refinancing of existing Sterling bonds (due to mature in April 2020);
- The new notes are to be issued on 5 December 2019 and will be fully swapped to NZD 514 million.
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There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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