Midday Commentary: Anheuser-Busch InvBev's recent notes trading unchanged to weaker

By Aleesia Forni

Columbus, Ohio, Jan. 15 - Monday's four-tranche issuance from Anheuser-Busch InBev Finance Inc. was trading mostly wider on Tuesday, one trader told Prospect News.

The $1 billion tranche of 0.8% three-year notes was quoted 1 basis point weaker at 44 bps bid, 41 bps offered.

The notes were sold with a spread of Treasuries plus 43 bps.

In other trading, the $1 billion tranche of 1.25% five-year notes was seen 3 bps wider at 63 bps bid, 60 bps offered following its sale with a spread of 60 bps over Treasuries.

The $1.25 billion of 2.625% 10-year notes traded 1 bp weaker on Tuesday.

A trader quoted the notes at 86 bps bid, 83 bps offered. The notes were priced at a spread of Treasuries plus 85 bps.

Meanwhile, the $750 million tranche of 4% 30-year bonds was flat at a 100 bps bid, 97 bps offered following Monday's pricing with a spread of Treasuries plus 100 bps.

The brewery is based in Leuven, Belgium.

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