Anheuser-Busch InBev will release its latest set of notes next week

Anheuser-Busch InBev will release its latest set of notes next week

Anheuser-Busch InBev has lined up three tranches of notes, which should garner the brewer EUR2.25bn (US$2.94bn).

The group said late yesterday (18 September) that the notes will be issued next week, with the proceeds set to “pre-fund existing indebtedness, pre-fund financing arranged for the announced combination with (or acquisition of shares of) Grupo Modelo, and for general corporate purposes”.

In late-June, A-B InBev secured agreement to buy the 50% share in Grupo Modelo it does not already own in a deal worth US$20.1bn.

The details of the tranches are listed below.

  • EUR750m due 2017, with annual interest rate of 1.25%
  • EUR750m due 2019, with annual interest rate of 2.00%
  • EUR750m due 2024, with annual interest rate of 2.875%

The notes, which are not available to US residents, will be listed “in due course” on the London Stock Exchange.