Australia's Nufarm says to raise about A$300 mln

SYDNEY, May 15 (Reuters) - Nufarm Ltd (NUF.AX), an Australian farm chemicals group, plans to raise about A$300 million ($227 million) by selling new shares to repay part of its debt, the company said in a statement on Friday.

The new shares are being sold at A$11.25 each, a 10 percent discount to Nufarm's last traded price. ($1=A$1.32) (Reporting by Denny Thomas;) ((denny.thomas@reuters.com; +61 2 9373 1812; Reuters Messaging: denny.thomas.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))