US: Anheuser-Busch InBev notes set to raise EUR2.25bn
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.
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