Anheuser-Bush InBev has begun converting US$8bn of its debt to freely tradable notes.
The Budweiser brewer said today (14 February) that it is offering to exchange up to $8bn of privately-issued debt for tradable notes. The move applies to a series of debt tranches, due in 2014, 2019 and 2039.
Investors have until the close of trading in New York on 14 March to exchange their notes for tradable ones, the brewer said.
Investors have until the close of trading in New York on 14 March to exchange their notes for tradable ones, the brewer said. All financial terms on the notes will remain the same, the group said, but the freely-tradable notes will be registered under the 1933 Securities Act in the US.