AB InBev launches $46 bn mega-bond to help pay for SABMiller


Brussels (AFP)

The world's top brewer Anheuser-Busch InBev said on Thursday it had launched a major bond issue to help pay for the takeover of SABMiller.

The targeted bond proceeds are $46 billion, making the issue one of the biggest in corporate history.

The InBev bid for its closest rival, announced in November, is itself gigantic, valued at $121 billion, the third-largest takeover ever.

The transaction will bring together InBev's top lagers like Beck's, Budweiser and Stella Artois, with SABMiller brands Foster's, Grolsch and Peroni.

Belgian-Brazilian behemoth InBev is eager to tap into booming developing markets in Africa and China, where SABMiller's joint venture produces Snow -- the world's best selling beer by volume.