December 16, 2010
Global brewer AB-InBev is planning to issue up to BRL2.0bn in 3-year debent
Global brewer AB-InBev is planning to issue up to BRL2.0bn in 3-year debentures through its Brazil vehicle InBev Participacoes Societarias, a company spokeswoman confirms. The notes will be issued via a private placement to Banco do Brasil, according to a banker away from the deal. He adds that the notes will pay 109% of the DI rate. An AB-InBev spokeswoman says proceeds will be used to pay down debt InBev took on when it acquired Anheuser-Busch in 2008 for $52bn.