Fonterra retail bond issue awarded infinz bond deal of the year
Fonterra Co-operative Group’s NZ$800 million retail bond issue in February last year has been awarded Bond Deal of the Year for 2009 by INFINZ (Institute of Finance Professionals New Zealand).
“The bond offer was a great success at a very difficult time for global financial markets. The support we received from investors demonstrated the confidence people have in Fonterra and our business. We’re very pleased to have been given this recognition from the finance industry,” said Fonterra General Manager Treasury Stéphan Deschamps.
The bond issue initially sought to raise NZ$300 million but it was significantly oversubscribed to reach a final $800 million. The Joint Lead Managers were ANZ, part of ANZ National Bank Limited; and BNZ Capital, a division of Bank of New Zealand.
About Fonterra
Fonterra is a global leader in dairy nutrition – the preferred supplier of dairy ingredients to many of the world’s leading food companies. Fonterra is also a market leader with our own consumer dairy brands in Australia/New Zealand, Asia/Africa, Middle East and Latin America.
The farmer-owned New Zealand co-operative is the largest processor of milk in the world, producing more than two million tonnes of dairy ingredients, value added dairy ingredients, specialty ingredients and consumer products every year. Drawing on generations of dairy expertise, Fonterra is one of the largest investors in dairy based research and innovation in the world. Our 16,000 staff work across the dairy spectrum from advising farmers on sustainable farming and milk production, to ensuring we live up to exacting quality standards and delivering every day on our customer promise in more than 100 markets around the world.
