Anheuser-Busch InBev lines up big bond sale

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.

Officials at AB InBev declined to comment.

Bloomberg News

This story was originally published January 13, 2016 at 1:50 PM with the headline "Anheuser-Busch InBev lines up big bond sale."