Heineken proves the debt market likes a good beer
Heineken used the quieter end of the week in terms of issuance to price its second benchmark corporate bond issue of the year. The sixth benchmark issue of the year in Europe from a beer producer was the only deal in the market on Friday.
Asahi Group printed €1.2bn the previous week to help fund its acquisition of businesses in central and eastern Europe from Anheuser-Busch InBev. Heineken opted for an €800m deal however, having printed a €500m 15 year deal in May.
Lead managers BBVA, Crédit Agricole
, Deutsche Bank
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