By Andrea Heisinger
New York, Jan. 7 - Anheuser-Busch InBev priced $5 billion of Rule 144A notes (Baa2/BBB+) in three tranches Wednesday, an informed source said.
The $1.25 billion of 7.2% five-year notes priced at 99.97 to yield 7.207%, or Treasuries plus 550 basis points.
The $2.5 billion of 7.75% 10-year notes priced at 99.923 to yield 7.761%, or Treasuries plus 525 bps.
The $1.25 billion of 8.2% 30-year notes priced at 99.744 to yield 8.223%, or Treasuries plus 512.5 bps.
Each of the tranches priced in line with talk, which was 550 bps for the five-year notes, 525 bps for the 10-year notes and 512.5 bps to 525 bps for the 30-year notes.
Bookrunners were Banc of America Securities LLC, Barclays Capital Inc., Deutsche Bank Securities Inc. and J.P. Morgan Securities Inc.
The global beverage brewer is based in Leuven, Belgium
| Issuer: | Anheuser-Busch InBev
|
| Issue: | Notes
|
| Total amount: | $5 billion
|
| Bookrunners: | Banc of America Securities LLC, Barclays Capital Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities Inc.
|
| Trade date: | Jan. 6
|
| Settlement date: | Jan. 12
|
| Distribution: | Rule 144A
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB+
|
|
|
| Five-year notes
|
| Amount: | $1.25 billion
|
| Maturity: | Jan. 15, 2014
|
| Coupon: | 7.2%
|
| Price: | 99.97
|
| Yield: | 7.207%
|
| Spread: | Treasuries plus 550 bps
|
| Price talk: | 550 bps
|
|
|
| 10-year notes
|
| Amount: | $2.5 billion
|
| Maturity: | Jan. 15, 2019
|
| Coupon: | 7.75%
|
| Price: | 99.923
|
| Yield: | 7.761%
|
| Spread: | Treasuries plus 525 bps
|
| Price talk: | 525 bps
|
|
|
| 30-year notes
|
| Amount: | $1.25 billion
|
| Maturity: | Jan. 15, 2039
|
| Coupon: | 8.2%
|
| Price: | 99.744
|
| Yield: | 8.223%
|
| Spread: | Treasuries plus 512.5 bps
|
| Price talk: | 512.5 to 525 bps
|
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