Ann: INTEREST: FCGHA: Capital Notes Interest Rate Reset Notice

• Release Date: 10/07/15 15:38
• Summary: INTEREST: FCGHA: Capital Notes Interest Rate Reset Notice
• Price Sensitive: No
• Download Document  1.4KB

					FCG
10/07/2015 15:38
INTEREST
PRICE SENSITIVE
REL: 1538 HRS Fonterra Co-operative Group Limited

INTEREST: FCGHA: Capital Notes Interest Rate Reset Notice

In accordance with the terms and conditions of Fonterra Co-operative Group
Ltd's capital notes, the interest rate payable on the notes was recently
reset from 5.59% per annum to 4.69% per annum.

Under the terms on which the perpetual capital notes were issued, the
interest rate is reset on 10 July each year to the current Base Rate (being
the one year Treasury Bank Bill rate) plus a margin based on the capital
notes' credit rating. As the credit rating of the capital notes is unchanged,
the new interest rate reflects the lower Base Rate.  The new interest rate
will apply until 10 July 2016, unless there is a change in the credit rating
of the capital notes in the interim.

The next quarterly interest payment on the notes is due to be made on 12
October 2015 to those holders registered on 02 October 2015.

As at the date of this notice there is $35,083,679 principal amount of
capital notes on issue to holders other than Fonterra Co-operative Group
Limited. All notes rank equally.

If you have any questions about this advice, please contact Link Market
Services, PO Box 384, Ashburton, New Zealand, phone +64 (3) 308 8887, fax +64
(3) 308 1311, or e-mail [email protected].
End CA:00266891 For:FCG    Type:INTEREST   Time:2015-07-10 15:38:01