date:Jan 22, 2014
Fonterra has announced that it has raised 1.25 billion Chinese renminbi (approximately NZD250 million) through a 5 year dim sum bond issue (Chinese renminbi raised offshore) as part of its ongoing commitment to developing its China business.
Fonterra chief financial officer, Lukas Paravicini, said the funds raised from the dim sum bond issue will be used to further strengthen and support the growth of Fonterras businesses in China.
Along with refinancing some of our existing China operations,