Christchurch City Holdings considers retail bond offer

Christchurch City Holdings Limited (CCHL) is considering an offer of 5 year, unsecured, unsubordinated, fixed rate bonds maturing in April 2028 to New Zealand retail investors and to institutional investors, subject to market conditions. Any such offer will be made pursuant to the Financial Markets Conduct Act 2013 as an offer of debt securities of the same class as CCHL's existing quoted debt securities which are quoted on the NZX Debt Market under the ticker code CCH020. The bonds are expected to be quoted on the NZX Debt Market. It is expected that full details of the bond issue will be released at the time of the offer opening, which is expected to be on or around 27 March 2023. CCHL has appointed Westpac Banking Corporation (ABN 33 007 457 141) (acting through its New Zealand branch) (Westpac) as Arranger and ANZ Bank New Zealand Limited, together with Westpac, as Joint Lead Managers. Investors can register their interest with the Joint Lead Managers (details below) or a financial advice provider. Indications of interest will not involve an obligation or commitment of any kind. No money is currently being sought and no bonds can be applied for or acquired until the offer opens. ENDS For further information: Toni Rowell Chief Financial Officer Phone: +64 3 941 8374 Mobile: +64 21 896 486 Email: toni.rowell@cchl.co.nz End CA:00408632 For:CCH Type:OFFER Time:2023-03-20 14:10:18