By Andrea Heisinger
New York, July 7 - Anheuser-Busch InBev Worldwide Inc. sold $1.05 billion of notes (Baa1/A-/) in two tranches on Thursday, a source away from the deal said.
The $300 million of three-year floating-rate notes priced at par to yield three-month Libor plus 36 basis points. They sold at the low end of guidance, which was in the range of Libor plus 36 bps to 39 bps.
A $750 million tranche of 1.5% three-year fixed-rate notes sold at 99.997 to yield 1.501% with a spread of Treasuries plus 70 bps. These notes priced with a spread at the tight end of talk in the 70 bps to 73 bps range.
Both of the tranches are non-callable.
Bookrunners were Barclays Capital Inc., Bank of America Merrill Lynch and Deutsche Bank Securities Inc. RBS Securities Inc. and Societe Generale assisted on the sale.
Proceeds are being used for general corporate purposes.
The notes are guaranteed by parent company Anheuser-Busch InBev SA/NV and subsidiaries Brandbrew SA, Cobrew NV/SA and Anheuser-Busch Co. Inc.
The brewery is based in Leuven, Belgium.
| Issuer: | Anheuser-Busch InBev Worldwide Inc.
|
| Guarantors: | Anheuser-Busch InBev SA/NV, Brandbrew SA, Cobrew NV/SA, Anheuser-Busch Cos. Inc.
|
| Issue: | Notes
|
| Amount: | $1.05 billion
|
| Bookrunners: | Barclays Capital Inc., Bank of America Merrill Lynch, Deutsche Bank Securities Inc.
|
| Trade date: | July 7
|
| Settlement date: | July 14
|
| Ratings:q | Moody's: Baa1
|
| Standard & Poor's: A-
|
|
|
| Three-year floaters
|
| Amount: | $300 million
|
| Maturity: | July 14, 2014
|
| Coupon: | Three-month Libor plus 36 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 36 bps
|
| Call: | Non-callable
|
| Price talk: | Libor plus 36 to 39 bps
|
|
|
| Three-year fixed-rate notes
|
| Amount: | $750 million
|
| Maturity: | July 14, 2014
|
| Coupon: | 1.5%
|
| Price: | 99.997
|
| Yield: | 1.501%
|
| Spread: | Treasuries plus 70 bps
|
| Call: | Non-callable
|
| Price talk: | 70 to 73 bps
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
