Anheuser-Busch InBev SA/NV (AB InvBev) (ABI)

No results found for "".

Anheuser-Busch InBev SA/NV (AB InvBev) (ABI)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	CONS	PRCD	ABI	Anheuser-Busch InBev SA/NV (AB InvBev)	€4,000		3	EMEA	Mar 19, 2024

Tranche #1Anheuser-Busch InBev SA/NV (AB InvBev)

currency

EUR

size (m)

1,000.000

maturity

Sep 22, 2031

type

Fixed

tenor

7.500

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

A-

fitch

size description

re-open/tap

ipt

MS+110 a

ipt-pxd

guidance

MS+85 a

spread

coupon

3.450%

spread set

price

99.75400

yield

3.490%

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2Anheuser-Busch InBev SA/NV (AB InvBev)

currency

EUR

size (m)

1,500.000

maturity

Mar 22, 2037

type

Fixed

tenor

13.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

A-

fitch

size description

re-open/tap

ipt

MS+135 a

ipt-pxd

guidance

MS+110 a

spread

103

coupon

3.750%

spread set

price

99.94900

yield

3.755%

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #3Anheuser-Busch InBev SA/NV (AB InvBev)

currency

EUR

size (m)

1,500.000

maturity

Mar 22, 2044

type

Fixed

tenor

20.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

A-

fitch

size description

re-open/tap

ipt

MS+165 a

ipt-pxd

guidance

MS+140 a

spread

133

coupon

3.950%

spread set

price

99.52400

yield

3.985%

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

7.5 yr: Registration: Reg S Only; Comments: EUR1bn 7.5yr(9/22/2031) cpn 3.450%, yld 3.490% at 99.754. Spread: MS+78bps. MWC: B+20bps. Par Call: 3m. DBR 0 08/15/31 +112.5bp (@ 84.111 Px) / HR 107%. LEI: 5493008H3828EMEXB082; 13 yr: Registration: Reg S Only; Comments: EUR1.5bn 13yr(3/22/2037) cpn 3.750%, yld 3.755% at 99.949. Spread: MS+103bps. MWC: B+20bps. Par Call: 3m. DBR 4 01/04/37 +119.5bp (@ 115.53 Px) / HR 86%. LEI: 5493008H3828EMEXB082; 20 yr: Registration: Reg S Only; Comments: EUR1.5bn 20yr(3/22/2044) cpnn 3.950%, yld 3.985% at 99.524. Spread: MS+133bps. MWC: B+20bps. Par Call: 6m. DBR 3 ¼ 07/04/42 +135.1bp (@ 108.84 Px) / HR 89%. LEI: 5493008H3828EMEXB082;

Deal Comments

Joint Bookrunners: BRC(B&D) (7.5yr), BNP(B&D) (13yr), DEU(B&D) (20yr), ING, SNT

Guarantor(s)

Anheuser-Busch Cos LLC, Anheuser-Busch InBev Finance Inc, Anheuser-Busch InBev Worldwide Inc, Brandbev Sarl, Brandbrew SA, Cobrew NV

Use of Proceeds

Repay debt and for general corporate purposes

Hide Details

Explore all other Commentary & Deal Flow

Asset Backed Securities

sector/subsector profiles

High Yield

industry/subindustry profiles

Investment Grade

industry/subindustry profiles

Anheuser-Busch InBev SA/NV (AB InvBev) (ABI)

Deal Details

Commentary

Deal Flow