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Fonterra Lists $200m Capital Notes Issue On NZSE Debt Market

Date 03/12/2001

New Zealand's largest company, dairy industry giant Fonterra Co-operative Group Limited, today Listed its $200 million capital note issue on the New Zealand Stock Exchange (NZSE) Debt Market.

'We are actively working to attract new listings to the Debt Market,' NZSE Managing Director Bill Foster said, 'and I am delighted to have support from New Zealand's biggest company.'

Fonterra's listing increased the total value of the NZSE Debt Market to $2.9 billion Demand for Fonterra's capital notes was steady on its first day.

Fully updated trading information, details of all the securities listed and general information about the NZSE Debt Market are available from its website, www.debtmarket.co.nz. Information is also available to newspapers as regularly updated tables that they can publish.

The NZSE formally relaunched its Debt Market last week, having previously established a task force of experienced industry practitioners to investigate how it could improve the services it offers to people interested in issuing or trading debt securities.

""The market that we have now is the result of the excellent work done by the task force,' Mr Foster said.