Moscow. January 13. Belgian brewing company AB InBev Thursday began one of the largest offerings of corporate bonds in the history of the market, to Finance the acquisition of British SABMiller, Bloomberg reported, citing informed sources.
Presumably, AB InBev will place dollar-denominated bonds to $25 billion in eight tranches with maturities from three to 30 years.
In addition, the company has already agreed about attraction of the credits by $75 billion to buy SABMiller.
AB InBev goes to the debt market in not the easiest moment: fears of a deceleration of the Chinese economy, a collapse in commodity markets and the fed’s transition to tighter monetary policy for the first time since 2006 spurred the growth of yields of corporate bonds to a maximum of three years.
In September 2013, the American Verizon Communications Inc. held the largest ever placement of corporate debt securities, selling securities of $49 billion to Finance $130 billion of the acquisition do not belong to her 45% stake in Verizon Wireless.
AB InBev made a formal offer to buy SABMiller on 11 November. The deal is valued at $107 billion, the revenues of the combined company will be $64 billion, EBITDA of $24 billion, and the capitalization will exceed $280 billion.