Fonterra mulls $250M bond sale, third issue for NZX debt market

Mon, 06 Apr 2015

April 7 (BusinessDesk) - Fonterra Cooperative Group, the world's biggest dairy exporter, may sell $250 million of six-year bonds in what would be its third security listed on the NZX debt market. The Auckland-based dairy company would sell the bonds, expected to mature in October 2021, to New Zealand institutional and retail investors. Proceeds would be for general corporate purposes, it said. Fonterra has $150 million of March 2016 bonds that carry a coupon of 6.83 percent and were last quoted at a yield of 3.9 percent and $35 million of...

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