INDEPENDENT NEWS

Fonterra Plans Retail Bond Offer

Published: Wed 17 Dec 2008 10:52 AM
Media Release
17 December 2008
Fonterra Plans Retail Bond Offer
Fonterra Co-operative Group announced today it is considering raising NZ$300 million, with the ability to accept oversubscriptions, via an offer of senior retail bonds. The offer is expected to open in early February 2009; Fonterra intends to use any money raised for general business purposes, including working capital requirements.
Fonterra has appointed ANZ National Bank Limited and BNZ Capital, a division of Bank of New Zealand as Joint Lead Managers for the offer.
No money is currently being sought and no applications for securities will be accepted or money received unless the investor has received an Investment Statement. Investors wishing to register preliminary indications of interest and to obtain an Investment Statement when it becomes available for this offer can contact ANZ National Bank Limited on 0800 800 372 or BNZ Capital, a division of Bank of New Zealand on 0800 448 338. No indication of interest will involve an obligation or commitment of any kind.
Further details of the offer will be released once an Investment Statement is available prior to the offer launch.
ENDS

Next in Business, Science, and Tech

Gaffer Tape And Glue Delivering New Zealand’s Mission Critical Services
By: John Mazenier
Ivan Skinner Award Winner Inspired By Real-life Earthquake Experience
By: Earthquake Commission
Consultation Opens On A Digital Currency For New Zealand
By: Reserve Bank
Ship Anchors May Cause Extensive And Long-lasting Damage To The Seafloor, According To New NIWA Research
By: NIWA
A Step Forward For Simpler Trade Between New Zealand And Singapore
By: New Zealand Customs Service
68% Say Make Banks Offer Fraud Protection
By: Horizon Research Limited
View as: DESKTOP | MOBILE © Scoop Media