11 Feb 2010

Fonterra bond offer reduced

12:28 pm on 11 February 2010

Fonterra has scaled back a bond offer to $150 million.

The company originally planned to offer bonds to a total of $250 million, for general business purposes including replacing a 300 million euro bond that expires soon.

However, Fonterra says it's able to fund part of that at an attractive rate, so now plans to offer a maximum of $150 million through a bond offer.