Fonterra plans $250 mill bond offer

Fonterra is to raise up to $250 million in senior unsecured bonds over February and March, the company said in a preliminary announcement today.

The proceeds will be applied to general business purposes, including partial replacement of a Euro300 million Euro Medium Term Note that matures in April.

Joint lead managers for the issue will be ANZ Bank, Bank of New Zealand, and Westpac Institutional Bank.

 A simplified disclosure prospectus is being prepared and no money is yet being sought.

Businesswire.co.nz

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