Offer of unsecured unsubordinated fixed rate bonds closes

channelnz.com


NZX RELEASE

13 May 2022

Channel Infrastructure offer of unsecured unsubordinated
fixed rate bonds closes
Following a successful bookbuild for its offer of 5 year, unsecured, unsubordinated, fixed rate bonds maturing
on 20 May 2027 ("Bonds"), Channel Infrastructure NZ Limited ("Channel Infrastructure") confirmed today
that the offer has closed and $100 million of Bonds have been allocated to participants (and their clients) in
the bookbuild process under the offer. There was no public pool for the Offer.

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

Channel Infrastructure’s CEO Naomi James said: “We are delighted with the support from the market and the
Joint Lead Managers for our inaugural senior bond offer, being a key step towards alignment of our funding
structure with an infrastructure business.”

The Bonds will be issued on 20 May 2022. The Bonds are expected to be quoted on the NZX Debt Market
under the ticker code CHI020.

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


For further information please contact:

Joint Arranger and Joint Lead Manager

Bank of New Zealand




Phone: 0800 284 017

channelnz.com


Joint Arranger and Joint Lead Manager

Forsyth Barr




Phone: 0800 367 227

Joint Lead Manager

Jarden Securities Limited



Phone: 0800 005 678

- ENDS -
Authorised by:
Chris Bougen
General Counsel and Company Secretary

Investor Relations contact:
Anna Bonney
investorrelations@channelnz.com



Media contact:
Laura Malcolm
communications@channelnz.com
+64 21 02363 297

channelnz.com


About Channel Infrastructure NZ
Channel Infrastructure is New Zealand’s leading fuel infrastructure company.
Channel Infrastructure owns critical infrastructure, supplying the Northland and Auckland markets, which
make up 40% of New Zealand’s fuel demand and all of the jet fuel to the Auckland International Airport.
Utilising the deep-water harbour and jetty infrastructure at Marsden Point, as well as 280 million litres of
storage tanks, and the 170-kilometre pipeline from Marsden Point to Auckland we receive, store, test and
distribute fuel owned by our customers. Channel Infrastructure’s wholly-owned subsidiary, Independent
Petroleum Laboratories, provides fuel quality testing services at Marsden Point and around New Zealand.
Channel Infrastructure is well positioned to support New Zealand’s changing future fuel needs, with growth
opportunities at the Marsden Point site including additional fuel storage to support fuel security, renewable
electricity supply through the Maranga Ra solar project, and work underway with customers and partners on
biofuel and hydrogen opportunities.
For more information on Channel Infrastructure, please visit: www.channelnz.com