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Fonterra Co-operative Group Limited has confirmed that it is considering making an offer of NZ$250 million of senior bonds to institutional investors and to New Zealand retail investors.

The bonds are expected to mature in October 2021. Proceeds from the offer will be used for "general corporate purposes".

ANZ has been appointed as arranger for the proposed offer. The joint lead managers are ANZ, BNZ, CBA and Westpac.