The Netherlands: Heineken’s forecast of H2 average 5.8 percent interest on outstanding debt unchanged

Heineken NV, the world's third-largest brewer, is sticking to its forecast of an average interest rate of 5.8 percent on outstanding debt in the second half of the year, a spokeswoman was quoted as saying on October, 8.

Earlier this year, Heineken acquired parts of British rival Scottish & Newcastle and had 9.3 billion euros ($12.63 billion) of debt at the end of the first half, according to the brewer’s website. The Dutch company funded the S&N deal via debt, it was reported.

Heineken's first priority is on repaying its debt, not refinancing it, spokeswoman Veronique Schyns said.

Asked about maturity and repayment details of Heineken's commercial paper and bonds, she said: "We are not under pressure to do anything at this moment in time." She said the company's debt repayment schedule will peak in 2013.

10 October, 2008