Anheuser-Busch InBev is selling $46 billion of bonds to finance its takeover of SABMiller, setting up what is likely to be the biggest corporate debt offering ever, sources told Bloomberg News.
That’s more than the $25 billion the brewer initially sought, the sources said.
With the company still potentially raising debt in other currencies, the deal may surpass the $49 billion Verizon Communications raised two years ago in the biggest corporate bond offering on record.
The sale is the biggest test in years for credit markets that are grappling with a slowdown in China, a commodities slump and the first U.S. interest rate hike in almost a decade.
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Officials at AB InBev declined to comment.