Australia: SABMiller announces Australian dollar five-year notes offering

SABMiller, a London-based multinational brewing and beverage company, has announced an offering of Australian dollar five-year medium-term notes via joint lead managers ANZ and Westpac.

Price guidance was released at 135bp area over asset swaps for a trade due to price on July 30-31.

Although the issue, through FBG Treasury (Aust) Pty Ltd, is technically a domestic corporate offering, investors will treat it like a rare corporate Kangaroo because its global parent company is the guarantor.

SABMiller is the world's second-largest brewer in revenue terms, and rated A3/A- (Moody's/S&P).

31 July, 2015