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Fonterra plans retail bond offer

Fonterra Co-operative Group has announced it is considering raising $300 million via an offer of senior retail bonds, with the ability to accept oversubscriptions.

Friday, December 19th 2008, 1:50PM

Fonterra Co-operative Group has announced it is considering raising $300 million via an offer of senior retail bonds, with the ability to accept oversubscriptions. Fonterra intends to use any money raised for general business purposes, including working capital requirements. The offer is expected to open in early February next year. ANZ National Bank and BNZ Capital, a division of Bank of New Zealand have been appointed as joint managers for the offer.

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