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AB InBev Sells $5.25 Billion of Bonds for Oriental Brewery Deal

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Jan. 22 (Bloomberg) -- Anheuser-Busch InBev NV sold $5.25 billion of bonds in six parts to help fund its purchase of South Korea’s Oriental Brewery Co.

The world’s biggest brewer issued $1.2 billion of 1.125 percent, three-year notes to yield 30 basis points more than similar-maturity Treasuries, $1.25 billion of 2.15 percent, five-year securities at a relative yield of 50 basis points, $1.4 billion of 3.7 percent, 10-year debt at 85 basis points and $850 million of 4.625 percent, 30-year bonds at 90, according to data compiled by Bloomberg.

The maker of Budweiser and Corona also sold $300 million of floating-rate notes due 2017 to yield 19 basis points more than the three-month London interbank offered rate and $250 million of floaters due 2019 at a relative yield of 40 basis points, Bloomberg data show. The deal was rated A3 by Moody’s Investors Service.

AB InBev is regaining control of Oriental Brewery, which became the Asian nation’s biggest brewer under KKR & Co. and Affinity Equity Partners Ltd., in a $5.8 billion deal. It sold the business to KKR in 2009 for $1.8 billion when it sought to cut debt following InBev NV’s $52 billion takeover of Anheuser-Busch Cos.

Barclays Plc, Bank of America Corp., Deutsche Bank AG, JPMorgan Chase & Co. and Royal Bank of Scotland Group Plc managed the offering for the Leuven, Belgium-based company, Bloomberg data show.

To contact the reporter on this story: Sarika Gangar in New York at sgangar@bloomberg.net

To contact the editor responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net

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