SAB.L Share News (SAB)

US Seeks Additional Information On AB InBev-SABMiller Deal

UPDATE 2-New AB InBev bond bounces back in secondary trading

(UPDATES with latest levels) By Hillary Flynn NEW YORK, Jan 14 (IFR) - Most of the seven tranches in AB InBev's new US$46bn bond swung back inside re-offer levels by midday on Thursday, rebounding after first gapping wider when the deal was priced. The market was closely watchin

AB InBev bond bankers in line for huge payday

By Philip Scipio NEW YORK, Jan 14 (IFR) - Banks underwriting AB InBev's massive US$46bn bond sale are expected to split a windfall of between US$200m and US$250m, according to a company that tracks investment banking fees. That is the expected payoff for handling the second-largest bo

Earnings, Trading Statements Calendar - Week Ahead

AB InBev bonds widen on first day of trading

By Hillary Flynn NEW YORK, Jan 14 (IFR) - Five of the six fixed-rate tranches issued as part of brewing giant AB InBev's US$46bn bond to finance its acquisition of SABMiller, were bid wider on Thursday. The two-year tranche was 2bp wider at T+87bp, the three-year 3bp wider at T+123bp,

Thursday newspaper round-up: Sports Direct, CMC Markets, China

(ShareCast News) - Hedge fund manager Crispin Odey used the weakness in Sports Direct's share price following its profit warning last week to rebuild his stake in the retailer. Despite saying last Friday he had "seen the writing on the wall", Mr Odey's hedge fund, which bears his name, is understood

AB InBev Announces Pricing Of USD46 Billion Notes (ALLISS)

AB InBev bonds tighten in grey market

By Natalie Harrison NEW YORK, Jan 13 (IFR) - All of the fixed rate tranches on AB InBev's US$46bn bond issue were trading 6-9bp tighter in the grey market, a buyside source said. The US$4bn three-year was bid at T+79bp versus its T+85bp launch while the US$7.5bn five-year was at T+114

UPDATE 6-AB InBev's US$46bn bond second-largest ever

(UPDATES with size, launch) By Mike Gambale NEW YORK, Jan 13 (IFR) - Brewing giant AB InBev launched a US$46bn bond on Wednesday, the second-largest bond in history, after amassing US$110bn in investor orders to help fund its acquisition of rival SABMiller. As expected, the drin

AB InBev launches US$46bn bond, second biggest on record

By Natalie Harrison NEW YORK, Jan 13 (IFR) - Brewing giant AB InBev has launched a US$46bn seven-tranche bond, the second biggest corporate bond on record, market sources told IFR on Wednesday. (Reporting by John Balassi and Mike Gambale; Editing by Shankar Ramakrishnan)

UPDATE 1-AB InBev order books could set new record

(Adds detail) By John Balassi and Mike Gambale NEW YORK, Jan 13 (IFR) - Order books for brewing giant AB InBev's jumbo acquisition bond closed Wednesday at US$110bn, two sources close to the matter told IFR. If the final tally does not change significantly, it will be the bigges

Books for AB InBev's jumbo M&A bond close at US$110bn: sources

By John Balassi and Mike Gambale NEW YORK, Jan 13 (IFR) - Order books for brewing giant AB InBev's jumbo acquisition bond have closed at US$110bn, two sources close to the matter told IFR on Wednesday. (Reporting by John Balassi and Mike Gambale; Editing by Natalie Harrison and Marc Carn

Books for inbev jumbo bond approach us$100bn:sources

By Natalie Harrison and Laura Benitez NEW YORK, Jan 13 (IFR) - Order books for brewing giant AB InBev's jumbo acquisition bond are approaching US$100bn, sources close to the matter told IFR on Wednesday. (Reporting by Natalie Harrison; Editing by Marc Carnegie)

Books for AB InBev jumbo bond around US$70bn: source

By Natalie Harrison NEW YORK, Jan 13 (IFR) - Investors have placed around US$70bn of orders for brewing giant AB InBev's jumbo acquisition bond, a source close to the matter told IFR on Wednesday. Investor demand may still grow, with books due to go subject at about 10:30am. (Repor

REFILE-Bond investors hope AB InBev will wet their whistles

(Refiles to wider audience) By Hillary Flynn and Davide Scigliuzzo NEW YORK, Jan 12 (IFR) - Investors could easily soak up a US$60bn bond from AB InBev if the beer giant wants to sell that much debt this week to help fund its acquisition of rival brewer SABMiller. AB InBev could