Investors gobble up Fonterra bonds
The prospect of a 75 basis point margin over the current interest swap rate, saw the $250 million bond issue oversubscribed by $100 million.
LATEST: Timely Fonterra sale of 6-year bonds draws oversubscriptions
Fixed income investors have taken a liking to Fonterra’s [NZX: FCG] latest bond offer, attracted by the premise of buying into the dairy sector.
That, and the prospect of a 75 basis point margin over the current interest swap
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Duncan Bridgeman
Thu, 16 Apr 2015
Thu, 16 Apr 2015
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Investors gobble up Fonterra bonds
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