Anheuser-Busch InBev has raised BRL750m (US$440m) via a bond issue and plans to use the proceeds to help pay down debt.

The bond will have a fixed interest rate of 9.57%, payable in US$, and will mature on 17 November 2015, Anheuser-Busch InBev said today (10 November). Reports cited banking sources as saying that the bond received strong interest from investors.

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The Budweiser brewer said that it would use proceeds from the offer to pay down debt. “The net proceeds of the offering will be used to repay certain outstanding indebtedness under our senior bank facilities and for general corporate purposes,” it said.

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