Brief: Channel Infrastructure NZ Says Net Debt As At 31 Oct 2022 Was NZ$230 Mln

Channel Infrastructure NZ

10/11/2022 19:38

Nov 11 (Reuters) - Channel Infrastructure NZ Ltd
 CHI.NZ :
    * FINANCING COSTS ARE NOW EXPECTED AT LOWER END OF PREVIOUS
GUIDANCE AT ABOUT NZ$16 MILLION IN 2023
    * CHANNEL'S FIXED RATE BONDS AND INTEREST RATE SWAPS PROVIDE
SIGNIFICANT FUNDING COST CERTAINTY FOR 2023
    * EXPECTS TO  RETURN TO DIVIDENDS FOR SHAREHOLDERS IN NEXT
YEAR
    * NET DEBT AS AT 31 OCTOBER 2022 WAS NZ$230 MILLION
    * EXPECTED THAT DEBT WILL PEAK AT AROUND NZ$100 TO NZ$120
MILLION
ABOVE CURRENT LEVELS IN NEXT 12-18 MONTHS

Source text for Eikon:  ID: 
Further company coverage:  CHI.NZ 
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