Fonterra ponders new bond offer for institutions and retail investors

Thu, 05 Mar 2015

By Suze Metherell March 5 (BusinessDesk) - Fonterra Cooperative Group, the world's largest dairy exporter, is looking at raising an disclosed amount of new capital through a bond offer. The Auckland-based dairy cooperative is considering offering senior bonds to institutional and New Zealand retail investors, it said in a statement, but didn't disclose how much it would be looking to raise via the debt securities. Proceeds would be used for "general corporate purposes." The news comes after Fonterra maintained its forecast payout to fa...

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