Fonterra Cooperative Group is planning to raise NZ$50m ($31.51m) by issuing notes due in 2014, Fitch Ratings said today (8 October).

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


According to local reports the capital raised will be used to repay short-term debt.


Preliminary pricing is seen at 170 basis points over swap with pricing expected on Thursday.


ANZ leading the offer, Reuters reported citing an unnamed investor.


The issue is expected to pay a fixed coupon of 6.86% with a maturity of 21 April 2014, Fitch said.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Fonterra is a leading multinational dairy company, cooperatively owned by 13,000 New Zealand supplier shareholders. Its main brands include Anchor, Soprole, NZMP, Anlene, Mainland, Tip Top, Peters and Browns, Anmum, and Meadow Fresh.

Just Food Excellence Awards - Nominations Closed

Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suite delivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.

Discover the Impact