Fonterra launches 10-year Kangaroo

On 26 October, Fonterra Co-operative Group (Fonterra) (A-/A) launched a minimum A$100 million (US$77 million), 10-year Australian dollar bond with price guidance of 135 basis points area over semi-quarterly swap. The deal is expected to price on or before 27 October, according to joint lead managers ANZ, Commonwealth Bank of Australia, National Australia Bank and Westpac Institutional Bank.