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Synlait progresses with five-year subordinated deal

Friday, 29 November 2019

On 29 November, Synlait Milk (Synlait) revealed details for its NZ$150-200 million (US$96.3-128.3 million) five-year subordinated deal. The forthcoming transaction is being marketed at 250-270 basis points over mid swap, with the final margin to be determined following a bookbuild on 6 December.

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