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Anheuser-Busch to redeem 4% notes due 2021, 0.8% notes due 2023
By Taylor Fox
New York, Nov. 16 – Anheuser- Busch InBev SA/NV plans to redeem its €519,372,000 outstanding of its €750 million 4% notes due 2021 (ISIN: BE6221503202) and €644,331,000 outstanding of its €1 billion 0.8% notes due 2023 (ISIN: BE6276039425) on Dec. 3, according to a news release.
The 2021 notes will be redeemed at the make-whole price of the outstanding principal amount of notes or, if higher, the sum of the present values of the remaining scheduled payments of principal and interest on the 2021 notes to be redeemed discounted to the optional redemption date on an annual basis at the annual rate equal to the equivalent yield to maturity of the reference bond, calculated using a price for the reference bond equal to the reference bond price for the optional redemption date plus 22 basis points.
The 2023 notes will be redeemed at the make-whole price of the outstanding principal amount of notes or, if higher, the sum of the present values of the remaining scheduled payments of principal and interest on the 2023 notes to be redeemed discounted to the optional redemption date on an annual basis at the rate per annum equal to the equivalent yield to maturity of the CA selected bond, calculated using a price for the CA selected bond equal to the reference bond price for the optional redemption date plus 15 bps.
The optional redemption amount for both series will be based on the reference bond price fixed Nov. 30.
The beer brewer is based in Leuven, Belgium.
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