6 December 2017
Notice of allotment of Fixed Rate Bonds
The following information is provided in accordance with Listing Rule 7.12.1:
Fixed Rate Bonds
due 6 December 2022
Issuer: Christchurch City Holdings Limited
Class of securities: Unsecured, unsubordinated, fixed rate bonds
ISIN: NZCCHDT839C3
NZX Security code: CCH010
Number of bonds allotted: 150,000,000
Issue price: $1.00 per bond
Interest Rate: 3.40% per annum
Payment in cash: Yes
Any amount paid up (if not in full): Bonds have been fully paid up
Principal terms of the securities: Unsecured, unsubordinated, fixed rate debt securities with a maturity date of 6 December 2022
Percentage of total class of bonds allotted: 100% of the CCH010 bonds
Reasons for the allotment: Allotment under the Final Term Sheet dated 29 November 2017 and Product Disclosure Statement (PDS) dated 16 November 2017. The proceeds of the offer will be used to fund special dividends to the Christchurch City Council and will also be used to repay existing Christchurch City Holdings Limited borrowing.
Specific authority for the allotment: Resolution of directors
Terms or details of the allotment: As set out in the Final Term Sheet dated 29 November 2017, PDS dated 16 November 2017, Master Trust Deed dated 15 November 2017 between Christchurch City Holdings Limited and Public Trust and Supplemental Trust Deed dated 15 November 2017 between Christchurch City Holdings Limited and Public Trust
Total number of bonds in existence after the allotment: 150,000,000
Date of allotment: 6 December 2017
For further information:
Leah Scales
Chief Financial Officer
Phone: +64 3 941 8817
Mobile: +64 21 309 489
Email: leah.scales@cchl.co.nz