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01/07/2012

Senior Bond Transaction - Anheuser-Busch InBev Worldwide Inc

SG CIB acted as Joint Bookrunner for the $7.5 billion senior bond transaction for Anheuser-Busch InBev Worldwide Inc (A3/A/A). The total deal size was $7.5 billion, which consisted of a $1.5 billion 3-year tranche that priced at T+50bps, a $2 billion 5-year tranche that priced at T+80bps, a $3 billion 10-year tranche that printed at T+105bps, and a $1 billion 30-year tranche that priced at T+120bps.

Anheuser-Busch intends to apply substantially all of the net proceeds toward general corporate purposes and pre-funding of financing related to the announced combination with (or acquisition of shares of) Grupo Modelo. This transaction, which is the second largest deal of 2012 in the USD market, is Anheuser-Busch InBev's first benchmark bond issuance since July 2011, a dollar denominated transaction on which SG CIB was also a bookrunner. Anheuser-Busch InBev is the leading global brewer and one of the world's top five consumer products companies. At the end of June 2012, Anheuser-Busch InBev announced the acquisition of the remaining stake in Grupo Modelo that it does not already own. The combined company will lead the global beer industry with roughly 400 million hectoliters of beer volume annually and its operations will span 24 countries.