Fonterra is to issue $800 million of bonds to NZX participants and institutional investors.
The offer opens on Monday and is for senior unsecured bonds.
The group says it's received applications significantly in excess of the stated amount and there will be no public pool.
The $800 million offer is an oversubscription of 267% of the original benchmark announced by Fonterra last week.
The offer closes on Friday, 6 March.
