Fonterra Co-operative Group (Fonterra) (A-/A) launched a maximum NZ$150 million (US$100 million) seven-year domestic deal on 6 November. The forthcoming deal, which is being offered to institutional and New Zealand retail investors under same-class exemption rules, has an indicative margin of 1.25-1.35 per cent. The margin and interest rate will be set on 8 November following a bookbuild.