By Andrea Heisinger
New York, Jan. 14 - Anheuser-Busch InBev Finance Inc. was in Monday's market with a $4 billion sale of senior notes (A3/A/A) in three tranches, a market source said.
There was a $1 billion tranche of 0.8% three-year notes sold at 99.994 to yield 0.802% with a spread of Treasuries plus 43 basis points. There is a make-whole call at Treasuries plus 5 bps.
A $1 billion tranche of 1.25% five-year notes was priced at 99.427 to yield 1.369% with a spread of 60 bps over Treasuries. The notes feature a make-whole call at Treasuries plus 10 bps.
There was $1.25 billion of 2.625% 10-year notes sold at 99.347 to yield 2.7% with a spread of Treasuries plus 85 bps. The tranche has a make-whole redemption at 15 bps over Treasuries.
Finally, there's a $750 million tranche of 4% 30-year bonds priced at 99.515 to yield 4.028% with a spread of Treasuries plus 100 bps. The bonds have a make-whole call at Treasuries plus 15 bps.
There is a guarantee by Anheuser-Busch InBev SA/NV, Anheuser-Busch InBev Worldwide Inc., Brandbev Sarl, Brandbrew SA, Cobrew NV and Anheuser-Busch Co. LLC.
Bookrunners were Bank of America Merrill Lynch, Barclays, Deutsche Bank Securities Inc., J.P. Morgan Securities Inc. and RBS Securities Inc.
Proceeds will be used for general corporate purposes.
Anheuser-Busch last tapped the U.S. bond market in a $7.5 billion sale through Anheuser-Busch Worldwide on July 12, 2012. That offering included 0.8% three-year notes priced at Treasuries plus 50 bps, 1.375% five-year notes sold at 80 bps over Treasuries and 2.5% 10-year notes priced at Treasuries plus 105 bps.
The brewery is based in Leuven, Belgium.
| Issuer: | Anheuser-Busch InBev Finance Inc.
|
| Guarantors: | Anheuser-Busch InBev SA/NV, Anheuser-Busch InBev Worldwide Inc., Brandbev Sarl, Brandbrew SA, Cobrew NV, Anheuser-Busch Co. LLC
|
| Issue: | Senior notes
|
| Amount: | $4 billion
|
| Bookrunners: | Bank of America Merrill Lynch, Barclays, Deutsche Bank Securities Inc., J.P. Morgan Securities Inc., RBS Securities Inc.
|
| Trade date: | Jan. 14
|
| Settlement date: | Jan. 17
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A
|
| Fitch: A
|
|
|
| Three-year notes
|
| Amount: | $1 billion
|
| Maturity: | Jan. 15, 2016
|
| Coupon: | 0.8%
|
| Price: | 99.994
|
| Yield: | 0.802%
|
| Spread: | Treasuries plus 43 bps
|
| Call: | Make-whole at Treasuries plus 5 bps
|
|
|
| Five-year notes
|
| Amount: | $1 billion
|
| Maturity: | Jan. 17, 2018
|
| Coupon: | 1.25%
|
| Price: | 99.427
|
| Yield: | 1.369%
|
| Spread: | Treasuries plus 60 bps
|
| Call: | Make-whole at Treasuries plus 10 bps
|
|
|
| 10-year notes
|
| Amount: | $1.25 billion
|
| Maturity: | Jan. 17, 2023
|
| Coupon: | 2.625%
|
| Price: | 99.347
|
| Yield: | 2.7%
|
| Spread: | Treasuries plus 85 bps
|
| Call: | Make-whole at Treasuries plus 15 bps
|
|
|
| 30-year bonds
|
| Amount: | $750 million
|
| Maturity: | Jan. 17, 2043
|
| Coupon: | 4%
|
| Price: | 99.515
|
| Yield: | 4.028%
|
| Spread: | Treasuries plus 100 bps
|
| Call: | Make-whole at Treasuries plus 15 bps
|
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