Fonterra to benefit from decades-low interest rates in sale of $150M of 7-year bonds

Wed, 17 Feb 2016

By Paul McBeth Feb. 17 (BusinessDesk) - Fonterra Cooperative Group, the world's biggest dairy exporter, stands to benefit from the lowest borrowing benchmarks in at least two decades in selling $150 million of seven-year bonds ahead of a debt maturity next month. The Auckland-based cooperative said it's considering an issue of senior fixed-rate bonds with a maturity date of March 2023, the proceeds of which would go towards general corporate purposes, Fonterra said in a statement. The sale would be ahead of a $150 million maturity of Fon...

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