Ann: INTEREST: FCG: Fonterra Capital Notes Interest Rate Change in Margin

• Release Date: 15/10/15 10:48
• Summary: INTEREST: FCG: Fonterra Capital Notes Interest Rate Change in Margin
• Price Sensitive: No
• Download Document  1.32KB

					FCG
15/10/2015 10:48
INTEREST
PRICE SENSITIVE
REL: 1048 HRS Fonterra Co-operative Group Limited

INTEREST: FCG: Fonterra Capital Notes Interest Rate Change in Margin

CAPITAL NOTES INTEREST RATE CHANGE IN MARGIN NOTICE

As previously announced, Standard & Poor's Rating Services revised the rating
of Fonterra Co-operative Group Limited's unsecured subordinated perpetual
Capital Notes (FCGHA ISIN: NZFCGD0001S9) from 'A-' to 'BBB+' on  14 October
2015.  In accordance with the terms on which the Capital Notes are issued,
the margin component of the interest rate must be adjusted to reflect any
change in rating, with effect from the next interest payment date following
the change in rating.

Accordingly, for the interest period 10 January 2016 to 10 April 2016, the
new interest rate for the Fonterra Capital Notes is 4.94%, comprising the
existing base rate of 2.74% and a new margin component of 2.20% (up from
1.95%). The base interest rate of 2.74% will continue to apply until 10 July
2016, when it will be reset.

If you have any questions about this notice, please contact Link Market
Services, PO Box 91976, Auckland, New Zealand, phone +64 (9) 375 5998, fax
+64 (9) 375 5990, or e-mail [email protected]

-ENDS-

Simon Till
Director Capital Markets
End CA:00271795 For:FCG    Type:INTEREST   Time:2015-10-15 10:48:40