BREAKING NEWS
Third round technical knockout for Joseph Parker ... Read more
Close

Fonterra issues 'dim sum' bond

TIM HUNTER
Last updated 17:30 21/01/2014

Relevant offers

Agribusiness

Merino meat continues under new joint venture after SFF exit Steady rather than spectacular progress for sheepmeat into Asia Smart thinking - the vet and the prof Southlander picked for top job at Blue Sky Meats Blue Sky Meats finds volatile lamb prices difficult to pick Department of Conservation appealing Ruataniwha land-swap decision to Supreme Court Rising temperatures could have Marlborough winemakers seeing red Ravensdown screws down debt levels for the betterment of farmers Mike Joy: The heavy price of our waterways pollution Strong beef schedule fuels buoyant bull sales

Fonterra has borrowed $250 million through a bond issue denominated in Chinese currency to help finance its operations in China.

The 1.25 billion renminbi "dim sum" bond issue has a term of five years. It is the second time Fonterra has tapped the debt market with a dim sum bond after a similar issue in 2011.

Fonterra president greater China and India, Kelvin Wickham, said the dairy co-operative was aiming to grow volume and value, particularly in consumer brands, in China.

Fonterra introduced the Anchor milk brand and an Anmum branded infant formula product to China last year, he said.

Ad Feedback

- Fairfax Media

Special offers

Featured Promotions

Sponsored Content