Anheuser-Busch InBev issues bonds

Anheuser-Busch InBev issues bonds

Anheuser-Busch InBev has said that it plans to raise US$1.65bn via a series of bond issues.

The Budweiser and Stella Artois brewer will generate the funds via three bond issues, one of $650m and two of $500m, it said yesterday (24 January). Net proceeds from the issue will be used for "general corporate purposes", the Belgium-based brewer said.

The $650m bond matures on 27 January 2014, while the other two mature on 15 Februrary 2016 and 15 February 2021. The $650m notes will bear interest at 0.55% above the three-month London interbank offered rate (LIBOR), while the $500m issues will bear interest at fixed rates - 2.875% for the 2016 notes and 4.375% for the 2021 notes.