Monday, July 16, 2007

SABMiller to issue $230 mln bond in S.Africa

(Reuters) - Brewer SABMiller plans to issue a 5-year, 1.6 billion rand bond to repay part of existing loans used to fund its South African business, the company said on Monday.

SABMiller said in a statement the notes were issued under a 4 billion rand domestic medium-term note programme and would be listed on the South African Bond Exchange BESA. The notes will be issued in one tranche with a coupon of 9.935 percent.


Read more at Reuters Africa

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