Arla Foods’ subordinate bond loan of DKK 1 billion is now fully subscribed.

Including the lead banks, Nykredit Bank and Finansieringsinstituttet for Industri og Håndværk, FIH, a total of 28 investors have subscribed to the new Arla Foods’ bond loan. The loan is not listed on the Stock Exchange.

Finance Director Jørn Wendel Andersen said: ”We’re pleased with the low interest rate level and the substantial interest shown by investors. The proceeds from the loan will strengthen Arla’s financial stand-by”.

The loan brings the Group’s solvency on a par with the strategic target of approx. 30%. The loan has a 7 year term with the option to extend for a further 3 years.