Fonterra Offers 6.83% p.a. in Bond Offer
Fonterra Co-operative Group Limited announced today that it is offering an interest rate of 6.83% per annum, paid half-yearly, on an issue of six-year bonds.
As previously advised, the Offer is for up to NZ$100 million of bonds, with the ability to accept up to NZ$50 million oversubscriptions. The Offer will open tomorrow, Thursday 18 February 2010, and will close on 3 March 2010.
The unsecured fixed rate senior bonds will have a six year maturity, to 4 March 2016. The minimum investment is $5,000 and multiples of $1,000 thereafter.
A Simplified Disclosure Prospectus has been registered and is available for download at Here. Investors requiring further information should contact one of the Joint Lead Managers, ANZ National Bank, Bank of New Zealand, or Westpac Banking Corporation, or their own financial advisor or broker.
A priority pool of up to $10 million is reserved for Fonterra farmer shareholders on a first come, first served basis. Shareholders may also subscribe for the bonds on the same basis as other investors.
About Fonterra
Fonterra is a global leader in dairy nutrition – the preferred supplier of dairy ingredients to many of the world’s leading food companies. Fonterra is also a market leader with our own consumer dairy brands in Australia/New Zealand, Asia/Africa, Middle East and Latin America.
The farmer-owned New Zealand co-operative is the largest processor of milk in the world, producing more than two million tonnes of dairy ingredients, value added dairy ingredients, specialty ingredients and consumer products every year. Drawing on generations of dairy expertise, Fonterra is one of the largest investors in dairy based research and innovation in the world. Our 16,000 staff work across the dairy spectrum from advising farmers on sustainable farming and milk production, to ensuring we live up to exacting quality standards and delivering every day on our customer promise in more than 100 markets around the world.
