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
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
$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
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Christmas at Chatsworth: review of The Cavendish Hotel at Baslow
MoneyWeek Travel Matthew Partridge gets into the festive spirit at The Cavendish Hotel at Baslow and the Christmas market at Chatsworth
By Dr Matthew Partridge Published
-
Tycoon Truong My Lan on death row over world’s biggest bank fraud
Property tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
By Jane Lewis Published