E-Malt.com News article: 1700

The Dutch brewing giant Heineken NV intends to sell at least €1 billion of bonds as part of its plan to finance the acquisition of the Austrian brewer BBAG, Reuters quoted a source familiar with the deal as saying today. The bond sale will be in two tranches, the first maturing in January 2010 and another maturing in November 2013. The report said that price talk for the seven-year paper indicates a yield of 50-55 basis points over swaps, while the 10-year bond will come at 70-75 basis points over swaps.

21 October, 2003