Fonterra Co-operative Group Ltd set the interest rate for its issue of $100 million of bonds yesterday at 4.15%/year.
Fonterra Co-operative Group Ltd has sold 6 Fonterra Farm Source stores around the North Island through a joint auction programme between Bayleys & CBRE head of agri-business Jeremy Keating.
Published 20 July 2011 Fonterra Co-operative Group Ltd has signed an agreement to develop its third dairy farm in China, in a strategy to build a high-quality, sustainable fresh milk supply for customers in China. The agreement announced yesterday, with the Government of Yutian County in Hebei Province, was to invest RMB260 million ($NZ47 million) […]
Published 20 June 2011 Fonterra Co-operative Group Ltd plans to raise $56 million through a bond issue denominated in Chinese yuan. It said on Friday it would be the first corporate from Australia & or New Zealand to do so. The issue of 300 million yuan ($US42 million) would be deliverable in Hong Kong. Fonterra’s […]
Published 25 May 2011 Fonterra Co-operative Group Ltd lifted its profitability forecast for the 2011 financial year by 10c/share yesterday, but a lower opening forecast payout range for the next financial year. The forecast payout range before retentions for 2011 is up 10c/share to $8-8.10, which would be a record. The opening forecast payout range […]
Published 16 December 2008 Fonterra Co-operative Group Ltd said today it was considering raising $300 million, with the ability to accept oversubscriptions, through an offer of senior retail bonds. The offer is expected to open in early February. Fonterra said it intended using any money raised for general business purposes, including working capital requirements.The […]