Brandbrew’s Sfr600m deal stuns bankers

14 May 2009

Brandbrew, a triple-B subsidiary of Anheuser-Busch, amazed bankers in Zurich by selling a Sfr600m five year deal on Thursday.

The Baa2/BBB+ deal is guaranteed by Anheuser-Busch, had a coupon of 4.5% and was priced at 278bp, 7bp tighter than initial guidance and 2bp tighter than the level announced during ...

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