Investors gobble up Fonterra bonds

The prospect of a 75 basis point margin over the current interest swap rate, saw the $250 million bond issue oversubscribed by $100 million.

Duncan Bridgeman
Thu, 16 Apr 2015

LATEST: Timely Fonterra sale of 6-year bonds draws oversubscriptions

Fixed income investors have taken a liking to Fonterra’s [NZX: FCG] latest bond offer, attracted by the premise of buying into the dairy sector.

That, and the prospect of a 75 basis point margin over the current interest swap

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