Fonterra starts marketing Kangaroo return

On 25 October, Fonterra Co-operative Group (Fonterra) (A-/A) began taking indications of interest for a potential 10-year benchmark Australian dollar bond with price guidance of 135-140 basis points area over semi-quarterly swap. A 26 October launch is being explored by joint lead managers ANZ, Commonwealth Bank of Australia, National Australia Bank and Westpac Institutional Bank.