CHI – Closing of unsecured unsubordinated fixed rate bond offering

Following a successful bookbuild for its offering of unsecured, unsubordinated, 5-year fixed rate bonds due 20 May 2027 (“Bonds”), Channel Infrastructure NZ Limited (“Channel Infrastructure”) today confirmed Today the offering closed and $100 million worth of bonds were allotted to participants (and their customers) as part of the bookbuilding process as part of the offering. There was no public pool for the Offering.

The issue margin for the Bonds has been set at 1.80% per annum and the interest rate will be announced later today.

Naomi James, CEO of Channel Infrastructure, said: “We are delighted with the support of the market and the Joint Lead Managers for our inaugural senior bond offering, which is a key step towards aligning our funding structure with a infrastructure.

The Bonds will be issued on May 20, 2022. The Bonds are expected to be listed on the NZX debt market under the code CHI020.

Further details of the Offering are contained in the product disclosure statement (“PDS”) for the Notes. The PDS is available at www.channelnz.com/investor-centre/bonds or by contacting a co-manager or your usual financial advice provider and should be obtained by investors before they decide to purchase Bonds .

For more information, please contact:

Co-arranger and co-manager

Bank of New Zealand

Telephone: 0800 284 017

Co-arranger and co-manager

Forsyth Bar

Telephone: 0800 367 227

joint leader

Jarden Securities Limited

Telephone: 0800 005 678

– ENDS –

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