Announcement
CORPACT: FCGHA: Capital Notes Interest Rate Reset Notice
01:16pm
FCG
10/07/2020 13:16
CORPACT
NOT PRICE SENSITIVE
REL: 1316 HRS Fonterra Co-operative Group Limited
CORPACT: FCGHA: Capital Notes Interest Rate Reset Notice
10 July 2020
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 has been reset
from 3.385% per annum to 2.47% 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. The new Base Rate is 0.27% and the margin remains at
2.20%. The new interest rate will apply until 12 July 2021, 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 2020 to those holders registered on 2 October 2020.
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 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 enquiries@linkmarketservices.co.nz
Yours faithfully
Simon Till
Director Capital Markets
End CA:00356092 For:FCG Type:CORPACT Time:2020-07-10 13:16:56
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