Stephen Cadogan: Glanbia farmers grab timely bond market opportunity

More and more companies are benefiting from lower borrowing costs by issuing bonds.

Among Irish companies taking advantage of market conditions to issue bonds recently were the telecommunications company Eir, ESB, and the Dublin Airport Authority.

An unusual presence among these heavy hitters was the Glanbia Co-operative Society, raising €100 million by issuing a five-year bond exchangeable against Glanbia PLC shares which it owns.