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AB InBev announces pricing of 1.65 billion USD of Notes

Anheuser-Busch InBev Announces Pricing of 1.65 billion USD of Notes, Consisting of 650 million USD Floating Rate Notes due 2014, 500 million USD 2.875% Notes due 2016 and 500 million USD 4.375% Notes due 2021

Anheuser-Busch InBev Announces Pricing of 1.65 billion USD of Notes, Consisting of 650 million USD Floating Rate Notes due 2014, 500 million USD 2.875% Notes due 2016 and 500 million USD 4.375% Notes due 2021
InBev SA/NV (“AB InBev”) (Euronext: ABI) (NYSE: BUD), announced today that it has completed the pricing of 1.65 billion USD aggregate principal amount of notes, consisting of 650 million USD aggregate principal amount of floating rate notes due 2014, 500 million USD aggregate principal amount of fixed rate notes due 2016 and 500 million USD aggregate principal amount of fixed rate notes due 2021. The notes will bear interest at an annual rate of 55 basis points above three-month LIBOR for the floating rate notes, 2.875% for the 2016 notes, and 4.375% for the 2021 notes. The notes will mature on 27 January 2014 in the case of the floating rate notes, 15 February 2016 in the case of the 2016 notes and 15 February 2021 in the case of the 2021 notes. The issuance is expected to close on 27 January 2011, subject to customary closing conditions.
The notes will be issued by Anheuser-Busch InBev Worldwide Inc. (the “Issuer”) and will be fully, unconditionally and irrevocably guaranteed by Anheuser-Busch InBev SA/NV, Brandbrew S.A., Cobrew NV/SA and Anheuser-Busch Companies, Inc. The Notes will be senior unsecured obligations of the Issuer and will rank equally with all other existing and future unsecured and unsubordinated debt obligations of the Issuer.
The notes are denominated in U.S. dollars, and both principal and interest will be paid in U.S. dollars as further described in the preliminary prospectus supplement dated 24 January 2011 filed with the U.S. Securities and Exchange Commission (the “SEC”) and available on www.sec.gov. Interest will be paid semi-annually in arrears on 15 August and 15 February starting on 15 August 2011, for the fixed rate notes. Interest will be paid quarterly in arrears on 27 January, 27 April, 27 July and 27 October, beginning on 27 April 2011, for the floating rate notes. The net proceeds of the offering will be used for general corporate purposes. The notes were offered as a registered offering under AB InBev’s shelf registration statement filed on Form F-3 with the SEC on 21 September 2010.

AB InBev

25 Jan. 2011

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