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4-2017

Global hop market

A local alternative to mass beer suggested by independent brewers has been successful and is now altering the global market. Beer is becoming more diversified, so transnational companies have to accept the new game rules and to switch focus to young and fast growing markets. All these processes increased the demand for aroma and bitter hop as well as their acreage expansion on two continents. However now there appeared a downward trend of alcohol consumption in the world, so even special sorts can soon turn to be sufficient. In this connection the dynamic American hop market is already facing some problems. EU hop producers have become more cautious, they are not racing to exceed the demand and look forward with more confidence, judging by the contract terms. 

Hop Market in Russia

Germany still dominates the Russian market, yet over the recent two years one has been able observe a continuous success of Czech hop suppliers. Their expansion and growing popularity of hops from the United States became the drivers of supplies growth in 2016 despite the preceding modest harvest crop in the EU, as well as the factor of relative stability in 2017. In this connection, in 2017, the ratio of the varieties continued to shift towards the aroma ones, and the supplies of Magnum hop and other alpha varieties were reduced. However, the import of bitter hop pellets is partially replaced by extracts, especially from the major beer manufacturers. Total volumes of alpha acid supplies, according to our estimation, decreased by approximately 5% and returned to the level of 2015. Barth Haas Group continues dominating the hop products market; HVG also increased its weight. At the same time, Morris Hanbury significantly reduced the supplies in 2017.

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 Янв. 2011

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