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

• Release Date: 05/01/15 15:51
• Summary: INTEREST: FCG: Fonterra Capital Notes Interest Rate Change in Margin
• Price Sensitive: No
• Download Document  1.24KB

					FCG
05/01/2015 15:51
INTEREST
PRICE SENSITIVE
REL: 1551 HRS Fonterra Co-operative Group Limited

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

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 'A-' on  29 August 2014.
 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 October 2014 to 10 January 2015, the
new interest rate for the Fonterra Capital Notes is 5.59%, comprising the
existing base rate of 3.64% and a new margin component of 1.95% (up from
1.80%). The base interest rate of 3.64% will continue to apply until 10 July
2015, when it will be reset.

If you have any questions about this notice, 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].

Fonterra Group Treasury
End CA:00259544 For:FCG    Type:INTEREST   Time:2015-01-05 15:51:37