New bond offers totalling $400M-plus from Chorus and Fonterra

Sun, 04 Nov 2018

By Pattrick Smellie Nov. 5 (BusinessDesk) - New institutional and retail bond offerings totalling $400 million-plus have been signalled from telecommunications network operator Chorus and Fonterra. Chorus said it's contemplating a $300 million, 10-year offer for institutional and retail investors, while Fonterra is considering a $100 million, seven-year retail bond offer. Both would also be open for over-subscription, at directors' discretion in Chorus's case, and of up to $50 million for Fonterra. Arranged by ANZ Bank and jointly lead...

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