SABMiller issues bonds to fill Foster's-sized hole in pocket
International brewing giant SABMiller, fresh from downing Foster's in a £6.5bn takeover deal, has tapped the bond markets to replenish its coffers and reduce its debt.
International brewing giant SABMiller, fresh from downing Foster's in a £6.5bn takeover deal, has tapped the bond markets to replenish its coffers and reduce its debt.
The company successfully got away a number of bond issues, raising $7,000m in the process.
Details of the issues are as follows:
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$1,000m of 2015 year notes with a coupon (interest rate) of 1.85%
$2,000m of 2017 year notes with a coupon of 2.45%
$2,500m of 2022 year notes with a coupon of 3.75%
$1,500m of 2042 year notes with a coupon of 4.95%
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