Fixed income investors brush off Fonterra debt woes
Fonterra will swallow the oversubscriptions as expected.
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Investors have taken to Fonterra’s [NZX: FCG] latest bond offer with gusto, attracted no doubt by the premise of buying into the dairy sector.
That, and the prospect of a 75 basis point margin over the current interest swap rate, saw the $250 million bond issue oversubscribed by $100 million this
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Shoeshine
Sat, 18 Apr 2015
Sat, 18 Apr 2015
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Fixed income investors brush off Fonterra debt woes
Shoeshine,
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