InBev to sell benchmark-sized bonds in three parts led by B of A

By Paul A. Harris

St. Louis, Jan. 6 - Anheuser-Busch InBev is in the market with a benchmark-sized offering of bonds in three tranches (Baa2/BBB+/), according to an informed source.

Books had not yet closed as Prospect News was going to press Tuesday night, according to the source.

The deal features five-year notes talked at Treasuries plus 550 basis points, as well as tranches of 10-year notes talked at 525 bps and 30-year notes at 512.5 bps to 525 bps.

Banc of America Securities LLC is the lead bookrunner in a syndicate that includes Barclays Capital Inc., Deutsche Bank Securities Inc. and J.P. Morgan Securities Inc.

The prospective issuer is a Leuven, Belgium-based brewer.

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