Are you an investor with Fonterra? Read about our current performance with our financial results, or find information on our dividend programme.

explore this section


Read about life at Fonterra and explore our current vacancies and future career opportunities.

explore this section

Debt Investors

Fonterra current credit rating status

Magnifying glass


Standard & Poor’s Ratings Services (S&P) has rated Fonterra, A- / Outlook stable
Milk glass


Fitch Australia Pty Limited (Fitch) has rated Fonterra, A / Outlook negative

Retail Bonds and Capital Notes

Fonterra has Retail Bonds and Capital Notes on the issue and listed on the New Zealand Stock Exchange Debt Market (NZDX). To buy or sell Retail Bonds / Capital Notes, please contact your broker.

Retails Bonds have been rated the same as the Company by both S&P and Fitch. Capital Notes which are subordinate to other Fonterra debt issued are rated BBB+ by S&P and A- by Fitch.


  Retail bond Retail bond Retail bond Capital note
NZDX code FCG030 FCG040 FCG050 FCGHA
Documentation Terms sheet Terms sheet Terms sheet Investment statement 

Further documentation of interest

Capital notes deed of amendment and restatement

- PDF, 2.6 MB

Capital notes initial supplemental deed

- PDF, 866.3 kB

Master trust deed

- PDF,

Supplemental trust deed (No. 14)

- PDF, 270.0 kB

Supplemental trust deed (No. 16)

- PDF, 211.2 kB

Supplemental trust deed (No. 19)

- PDF,


Dividend and distribution reinvestment plans.