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:

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

$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%

jh