CANADA: Anheuser-Busch InBev looks to raise CAD600m from note placement
Anheuser-Busch InBev hopes to bring in CAD600m from the placement
Anheuser-Busch InBev has lined up a private note placement in Canada with a view to raising CAD600m (US$596.2m).
The global brewer, which owns Labatt Breweries in Canada, said late last week that its A-B InBev Worldwide subsidiary has priced the CAD600m private offering of notes with a fixed interest rate of 3.65% per annum and a maturity date of 15 January, 2016.
The issuance, which opened last week, will close on Wednesday (15 December), the firm said. The notes are being offered only to accredited investors resident in Canada.
After the initial interest payment is paid on 15 July next year, interest will be paid every six months, beginning on 15 January, 2012.
The net proceeds of the offering will be used “for general corporate purposes”, A-B InBev said.
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