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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
2 mins to read

Yield on Synlait bonds tops 11%

Balance sheet concerns play out in price of listed bonds.

Synlait’s Dunsandel plant makes infant formula for main customer A2 Milk.

Tim Hunter Mon, 01 May 2023

Investor concerns about milk processor Synlait’s balance sheet are feeding into the price of its listed bonds, whose yield has risen to 11.2% since a trading halt was lifted last week.

The $180 million of bonds were issued in 2019 and mature in December 2024 but their market value has fallen

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Tim Hunter Mon, 01 May 2023
Contact the Writer: thunter@nbr.co.nz
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Yield on Synlait bonds tops 11%
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