NETHERLANDS: Heineken issues EUR1.35bn in notes

By | 13 March 2012

Heineken has completed a note placement that will generate EUR1.35bn (US$1.77bn) for the brewer.

The notes, which will be listed on the Luxembourg Stock Exchange, will be used “for general corporate purposes”, the company said yesterday (12 March). The placement consists of EUR850m-worth of seven-year notes with a coupon of 2.5% and 12-year notes for a principal amount of EUR500m with a coupon of 3.5%.

“The notes issued today further improve Heineken's debt maturity profile,” the company said.

Last week, Heineken detailed the first public credit ratings in its history, with Moody's and Standard & Poor's awarding the brewer "long-term" investment grade ratings.

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Sectors: Beer & cider

Companies: Heineken

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NETHERLANDS: Heineken issues EUR1.35bn in notes

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