South Africa: SABMiller raises R1 bln in its first bond issue

Brewing giant SABMiller has through its subsidiary‚ SABSA Holdings‚ raised R1 bln from investors in its first bond issue‚ at a yield of 7.125%, BizCommunity.com reported on March, 27.

SABMiller chief financial officer Jamie Wilson said: "We are delighted with the positive response we have received from investors to our first bond issue in the South African market for nearly six years‚ which was very competitively priced. We believe this reflects the continuing strengths of SABMiller's business and brands‚ both in SA and globally".

The company plans to use the proceeds for general corporate purposes.

27 March, 2013