date:Jan 22, 2014
t has continued to develop strongly over recent years and provides an attractive opportunity for us to raise long term renminbi funding that matches our businesses in China. As this funding market and our business in China develop further, it makes sense to seek a greater alignment between our treasury borrowing and our business activities, Paravicini said.
This is the second time Fonterra has issued bonds denominated in Chinese renminbi. The first time was in 2011 when it became the first Aust