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
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.