Fonterra Secures NZ$300 Million in Oversubscribed Bond Issue
Source: DairyNews.today
Fonterra Co-operative Group Limited has successfully closed its latest bond offering, raising NZ$300 million through a five-year fixed rate bond issue, demonstrating strong investor confidence in New Zealand's largest dairy exporter.
The unsubordinated, unsecured bonds attracted significant interest from institutional investors, with the entire allocation being distributed through Joint Lead Managers, Primary Market Participants, and approved financial intermediaries. The robust demand led to a competitive issue margin of 0.85 percent per annum.
"The strong investor response reflects the market's confidence in Fonterra's financial stability and growth strategy," said a company spokesperson. The final interest rate and terms sheet are expected to be announced later today.
Key highlights of the bond issue:
The successful bond issuance strengthens Fonterra's capital position as the dairy cooperative continues to execute its long-term business strategy. Investors seeking additional information are advised to contact their financial advisers or the Joint Lead Managers.
"The strong investor response reflects the market's confidence in Fonterra's financial stability and growth strategy," said a company spokesperson. The final interest rate and terms sheet are expected to be announced later today.
Key highlights of the bond issue:
- Total issue amount: NZ$300 million
- Term: Five years
- Issue margin: 0.85% per annum
- Structure: Unsubordinated, unsecured fixed rate bonds
- Distribution: Fully allocated through financial intermediaries
The successful bond issuance strengthens Fonterra's capital position as the dairy cooperative continues to execute its long-term business strategy. Investors seeking additional information are advised to contact their financial advisers or the Joint Lead Managers.
