Heineken Successfully Prices €1.25 Billion Of Notes

By Dayeeta Das
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Heineken Successfully Prices €1.25 Billion Of Notes

Heineken, the world's second-largest beer-maker, has announced that it has successfully placed €600 million of 8.5-year notes with a coupon of 1.25% and €650 million of 12.5-year notes with a coupon of 1.75%.

The notes will be issued under the company's Euro Medium Term Note Programme and will be listed on the Luxembourg Stock Exchange.

Debt Repayment

The proceeds from the notes issuance will be used for general corporate purposes, which may include repayment of indebtedness and/or acquisitions.

The maturity dates of the notes are 17 March 2027 and 17 March 2031.

Deutsche Bank, ING, JPM, MUFG and Société Générale acted as bookrunners, and ABN AMRO, ANZ, Rabobank, BBVA, Raiffeisen Bank International, Santander and Banca IMI as co-managers.


In July of this year, the beer-maker cut its full-year margin forecasts due to currency weakness in some more profitable markets and expansion in Brazil.

© 2018 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: European Supermarket Magazine.

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