Dairygold Co-Op launches €15 million loan note issue

Dairygold Co-Op has launched a €15 million loan note issue for members, as part of its post-quota expansion funding.

The five-year loan notes will be offered over the next three years. The investment allowed per member is €3,000 to €250,000.

The notes carry an interest rate of 4% plus three-month EURIBOR (totalling 4.19% per annum at the Nov 16 EURIBOR rate, an investment of €3,000 would generate interest of €719 over the five-year term). Notes will be repaid with interest on Mar 31 in the fifth anniversary of issue year.