Full pricing details on FBG Finance’s A$1.95 billion domestic deal

Thursday, 24 August 2017

Issuer name: FBG Finance, on behalf of Anheuser-Busch InBev
Issuer rating: A-/A3
Issue rating: as issuer
Pricing date: 23 August 2017
Settlement date: 6 September 2017
Total volume: A$1.95 billion (US$1.54 billion)
Lead manager: ANZ, Citi, Deutsche Bank

Five-year fixed
Volume: A$550 million
Total outstanding in this line: A$550 million
Maturity date: 6 September 2022
Coupon rate: 3.25%
Issue/re-offer price: 99.726%
Issue yield: 3.31%
Margin to swap: 97bp/s-q

Five-year FRN
Volume: A$300 million
Total outstanding in this line: A$300 million
Maturity date: 6 September 2022
Coupon rate: 3m BBSW +97bp
Issue/re-offer price: par
Margin to swap: 97bp/3m BBSW

Seven-year fixed
Volume: A$650 million
Total outstanding in this line: A$650 million
Maturity date: 6 September 2024
Coupon rate: 3.75%
Issue/re-offer price: 99.863%
Issue yield: 3.7725%
Margin to swap: 125bp/s-q

10-year fixed
Volume: A$450 million
Total outstanding in this line: A$450 million
Maturity date: 6 September 2027
Coupon rate: 4.1%
Issue/re-offer price: 99.231%
Issue yield: 4.195%
Margin to swap: 145bp/s-q