1 Oct 2010

Goodman Fielder to raise $250 million in bonds

6:12 am on 1 October 2010

Goodman Fielder is considering raising up to $250 million through a bond issue later this year.

The company plans to offer $175 million of senior unsecured bonds and accept another $75 million in oversubscriptions.

It will use the money to repay debt.

The offer is expected to open this month with the Commonwealth Bank

of Australia, ANZ, BNZ and Craigs Investment Partners acting as joint lead managers.

Shares in the company were unchanged at $1.81 on Thursday.