UK soft drinks and confectionary giant Cadbury Schweppes, which announced last week that it has agreed to purchase La Casera, Spain's third-largest soft drinks producer for £72m, has made no secret that it continues to be hot on the acquisition trail and is raising funds in the debt capital markets as it continues with a number of acquisitions.

A report by Dow Jones claims Cadbury is now tapping into the Singapore bond market and is set on Wednesday to issue S$22m (US$12m) in five-year notes.

Analysts are expecting Cadbury, which will issue the notes with a coupon of 3.5% and S$8m of seven-year notes with a coupon of 3.6%, to swap the proceeds from Singapore dollars to either US dollars or another major currency.

Earlier this year Cadbury acquired Orangina from French spirits company, Pernod Ricard for £419m. Other acquisitions by the soft drink major include Slush Puppie, US-based Carteret, Spring Valley and Wave in Australia and Mantecol based in Argentina.

The company has also agreed to sell its Royal Crown Cola international business and its private label concentrate supply to Cott Corporation for a reported US$94m.


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