Home
Menu
Top industry news
Brewery news
Malt news
Barley news
Hops news
More news
All news
Search news archive
Publish your news
News calendar
News by countries


#
E-Malt.com News article: World: AB InBev reportedly planning five-year Brazilian real bonds
Brewery news

World’s No. 1 brewer AB InBev plans to sell five-year Brazilian real-denominated global bonds as soon as November, 9, Dow Jones cited people familiar with the deal on November, 8.

The securities, which will mature in November 2015, are linked to the real but payments are made in dollars, sources said.

The size of the deal and the yield have not been finalized.

Barclays Capital, Deutsche Bank and Itau are managing the transaction.

The issue is rated Baa2 by Moody's and BBB+ by Standard & Poor's.

The company, the world's largest brewer by sales, last week reported a rise in third-quarter profit, as a strong performance in emerging markets offset weakness in the U.S and Europe.

Sales volume in Brazil, one of its largest markets, increased 12.5%, driven by the robust Brazilian economy as well as innovations introduced in the past three years, and now accounts for more than 10% of the Brazilian beer market.


08 November, 2010

   
| Mail your friend | Printer friendly |
Copyright © E-Malt s.a., 2001-2008