By Jennifer Chiou
New York, Sept. 3 - Ambrew SA announced the issue of 2 billion reais of floating-rate notes due Aug. 10, 2012 that will be guaranteed by Anheuser-Busch Inbev SA/NV.
The notes are priced at 98.00.
The notes will bear interest at 116.5% of the change in the Overnight Brazilian Interbank Deposit Rate.
The Luxembourg-based beverage company said that interest will be payable semiannually.
The denomination of notes will be 250,000 reais and integrals of 1,000 reais, up to 499,000 reais.
The notes will be callable in whole on any interest payment date. They will be initially represented by a temporary global note, without interest coupons, which will be deposited with a depositary on Sept. 4.
The temporary global note will be exchangeable for interests in a global note on or after Oct. 14.
Application has been made to list the notes on the London Stock Exchange.
Deutsche Bank Securities Inc. is the underwriter.
| Issuer: | Ambrew SA
|
| Guarantor: | Anheuser-Busch Inbev SA/NV
|
| Issue: | Floating-rate notes
|
| Amount: | 2 billion reais
|
| Maturity: | Aug. 10, 2012
|
| Underwriter: | Deutsche Bank Securities Inc.
|
| Coupon: | 116.5% of the change in the Overnight Brazilian Interbank Deposit Rate; payable semiannually
|
| Price: | 98.00
|
| Call: | In whole on any interest payment date
|
| Announcement date: | Sept. 3
|
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