Friday, 18 January 2013

Budweiser brewer InBev to issue extra $1.2 bn bonds

The world's leading brewer, AB InBev, said on Friday it was issuing another 1.2 billion in bonds in Canadian dollars, fresh from a $4.0-billion issue announcement on Tuesday.
The additional issue, worth some 900 million euros ($1.2 billion), is offered in two parts: 600 million Canadian dollars with a redemption date of 2018 and an interest rate of 2.375 percent; and the other half by 2023 at 3.375 percent.
Again, the financing raised will be used for the company's general needs, it said.