By Aleesia Forni
Virginia Beach, Va., Aug. 6 - SABMiller Holdings Inc. tapped Tuesday's market for $1.1 billion of five-year senior notes (Baa1/BBB+/BBB+) in two parts, according to a source away from the trade.
There was $750 million of 2.2% notes due 2018 priced with a spread of Treasuries plus 87 basis points. The notes sold at 99.753 to yield 2.253%.
A second part was $350 million of floating-rate notes due 2018 priced at par to yield Libor plus 69 bps.
Bookrunners were Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Mizuho Securities and Mitsubishi UFJ Securities.
Proceeds will be used for general corporate purposes, including repayment of debt.
The brewer is based in London.
| Issuer: | SABMiller Holdings Inc.
|
| Issue: | Senior notes
|
| Amount: | $1.1 billion
|
| Bookrunners: | Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Mizuho Securities, Mitsubishi UFJ Securities
|
| Trade date: | Aug. 6
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB+
|
| Fitch: BBB+
|
|
|
| Fixed-rate notes
|
| Amount: | $750 million
|
| Maturity: | 2018
|
| Coupon: | 2.2%
|
| Price: | 99.753
|
| Yield: | 2.253%
|
| Spread: | Treasuries plus 87 bps
|
|
|
| Floaters
|
| Amount: | $350 million
|
| Maturity: | 2018
|
| Coupon: | Libor plus 69 bps
|
| Price: | Par
|
| Yield: | Libor plus 69 bps
|
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