Advertise with fastmoving.co.za
 
 

SABMiller raises R1bn in bond issue
SABMiller raises R1bn in bond issue

SABMiller raises R1bn in bond issue

FMCG SUPPLIER NEWS

Fin24/I-Net Bridge - Mar 27th, 09:02

Johannesburg - Brewing giant SABMiller [JSE:SAB] has through its subsidiary‚ SABSA Holdings‚ raised R1bn from investors in its first bond issue‚ at a yield of 7.125%.
 

SABMiller chief financial officer Jamie Wilson said: "We are delighted with the positive response we have received from investors to our first bond issue in the South African market for nearly six years‚ which was very competitively priced.

"We believe this reflects the continuing strengths of SABMiller’s business and brands‚ both in SA and globally".

The company plans to use the proceeds for general corporate purposes.

 

Related News

Local liquor giant, Kasapreko Company, is 6th on Ghana Club 100 list
31/10/2013 - 08:26
Indigenous liquor giant, Kasapreko Company Limited (KCL) placed sixth in the 2013 Ghana Club 100 ranking.

SA lacks international business brand
28/10/2013 - 09:00
Cape Town – The persistent weakness in the perception of SA in international media coverage is the under-representation of SA’s business sector and the difficulty to identify a business leader or leaders “representative" of the country.

BOS Ice Tea launches in Belgium and Holland
18/10/2013 - 09:07
BOS Ice Tea has recently celebrated its third birthday in South Africa, and has taken the first steps into European markets, launching in Belgium and Holland earlier this month.

Walmart accelerating U.S. small store growth; upping tech investments
17/10/2013 - 11:18
Bentonville, Ark. - Wal-Mart Stores detailed a number of moves, including opening smaller stores in the United States, cutting back on overseas growth and increasing its investments in technology and e-commerce, on the occasion of the company’s 20th annual investor meeting.

SABMiller: Stock hit by Unilever data, strike
14/10/2013 - 10:30
SABMiller suffered its biggest weekly decline in more than two years last week as a strike at its South African beer operations continued and Unilever said sales growth slowed in emerging markets.