NETHERLANDS: Heineken launches EUR1.75bn notes

By | 27 July 2012

Heineken will use the funds generated by the notes for "general corporate purposes"

Heineken will use the funds generated by the notes for "general corporate purposes"

Heineken has secured a EUR1.75bn (US$2.15bn) cash injection through the placement of two sets of notes on the Luxembourg Stock Exchange.

Although the brewer is hoping to buy Fraser & Neave out of their Asia Pacific Breweries JV for around US$4bn, Heineken said earlier today (27 July) that the funds raised by the notes will be used for "general corporate purposes".

Heineken is set to announce its H1 results on 22 August.

Show the press release

Heineken N.V. successfully issues €1.75 billion of Notes

Amsterdam, 26 July 2012

Heineken N.V. today announced that it has successfully placed €1.75 billion of Notes, consisting of 8-year Notes for a principal amount of €1 billion with a coupon of 2.125% and 13-year Notes for a principal amount of €750 million with a coupon of 2.875%.

The Notes will be issued under the Company's European Medium Term Note Programme and will be listed on the Luxembourg Stock Exchange.

HEINEKEN has taken advantage of strong credit market conditions and secured cost-competitive financing. The proceeds will be used for general corporate purposes.

Citigroup, Credit Suisse, ING Bank, ABN AMRO, BBVA, Crédit Agricole CIB, Banca IMI, Santander and Societe Generale have acted as book runners for this transaction.

Original source: Company Release

Expert analysis

Heineken USA Inc.: Consumer Packaged Goods Company Profile & SWOT Report

"Heineken USA Inc.: Consumer Packaged Goods Company Profile & SWOT Report" contains in depth information and data about the company and its operations.

Sectors: Beer & cider

Companies: Heineken

There are currently no comments on this article

Be the first to comment on this article

Related research

Heineken: the battle for Asia Pacific Breweries

Asia Pacific Breweries is Heineken’s joint venture in Singapore, with a variety of brands and consumer beverages that enjoy prominence in their local markets. The venture is crucial to the firm's growth strategy. This has been compromised following a...

Related articles

Comment - Beer - Defining Craft Beer

He's back, Back, BACK. After an absence of almost two years, we're delighted to welcome Larry Nelson, the publisher of Brewers' Guardian, back into the just-drinks fold. and, to kick things off again, Larry would like to talk to you about craft beer.

BELARUS: Heineken secures EUR5m loan for brewery

Heineken has received a EUR5m (US$6.7m) loan for its brewery in Belarus to promote improved barley yields from local farmers.

In the Spotlight - ThaiBev's Charoen Sees off Fraser & Neave Rival

ThaiBev is poised to take control of Fraser & Neave after rival bidder Overseas Union Enterprise (OUE) this week stepped out of the race to acquire the Singapore conglomerate.

Read more on this hot issue

Round-Up - Heineken lines up Asia Pacific Breweries takeover

Heineken's battle for full control of Asia Pacific Breweries looks set to run until the end of September. Here's a round-up of just-drinks' coverage of the story.

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page