21 August 2019

Fonterra issues 1.25 bln yuan dim sum bonds, statement says

Fonterra Cooperative Group Ltd. announced Tuesday that it has raised 1.25 billion yuan (US$206.49 million) through a 5-year offshore renminbi-denominated bond issue to strengthen and support its China business. According to a statement, it marks the second time that Fonterra has issued the so-called dim sum bonds, as the company issued 300 million yuan of such bonds in 2011. Kelvin Wickham, Fonterra’s president for Greater China & India, said the firm has had a strong focus on driving growth in both volume and value as it develops its integrated business model in China.

– Contact HKEJ at [email protected]



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