Fonterra Co-operative Group (Fonterra) priced a new benchmark transaction in the Australian dollar market on June 20. The new seven-year deal is Fonterra's second Kangaroo line after it printed A$175 million (US$164.5 million) of 10-year bonds in February this year. That transaction priced at 105 basis points over swap and was indicated at around 89 basis points on Yieldbroker ratesheets on June 18.