Government begins sale of remaining Chorus UFB funding securities

The New Zealand minister of finance and minister for infrastructure have announced the commencement of a sale process for the securities held by National Infrastructure Funding and Financing (NIFFCO) in Chorus Limited. This decision follows a recommendation from NIFFCO's board. The securities have a total face value of NZ$1.16 billion, representing the remaining balance of Crown funding for the Ultra Fast Broadband rollout after Chorus repaid NZ$170 million earlier this year.

Chorus does not anticipate any material changes to the terms and conditions under which the securities were originally issued as a result of this sale process. The announcement was made on December 17, 2025.

For further information, interested parties can contact Shannon Goldstone, head of corporate relations, or Aleida White, head of investor relations, at Chorus Limited.