New Issues


Fonterra Co-operative Group Limited


Fonterra Co-operative Group Limited

Issue type Unsecured, unsubordinated, fixed rate debt obligations
Rank Ranks equally with other similar securities
Maturity October 20, 2021
Early redemption Upon the occurrence of any of the events of default (as set out in the Trust Documents) the Trustee may, and immediately upon being directed to do so by an extraordinary resolution of bondholders
must, declare the 2021 Bonds to be immediately due and payable.
If the 2021 Bonds are declared due and payable prior to their Maturity Date, interest will be payable at the Interest Rate from the most recent Interest Payment Date to and excluding the date of
Coupon (%) 4.33%
Amount $350 million (unlimited over subscriptions at issuers discretion)
Opening date 13 April 2015
Closing date 15 April 2015
Minimum parcel size $5,000 and then in multiples of $1,000
Listed FCG030
Credit rating A (S&P), AA- (Fitch)
Lead manager(s) ANZ, BNZ, CBA, Westpac
Information Indicative Term Sheet


Fonterra Cooperative new retail capital note bond issue.


  • Swap or NGZS plus a margin means the actual rate will be set at that margin over the relevant maturity swap rate or Government bond rate, usually a couple of days before the issue date. Click here for swap rates and here for Government bond rates.
  • The amount on offer is usually allocated to brokers who then accept subscriptions up to their allocations. The lead manager(s) control the allocation of bonds. There can be a public pool which is not allocated and subscriptions under the public pool are made directly to the issuer or lead manager(s).
  • Listing on NZDX unless stated otherwise.