Anheuser-Busch InBev Worldwide is looking to raise $1.65 billion in a three-part senior unsecured notes sale, The Wall Street Journal reports. Bank of America Merrill Lynch, Barclays, JP Morgan and Mitsubishi UFJ Securities are the joint bookrunning managers for the deal. The $650 million notes to be sold in the first tranche are due to mature on Jan. 27, 2014. The $500 million notes to be offered in the second tranche are due to mature on Feb. 15, 2016. The $500 million third tranche notes carry a coupon rate of 4.375% and are due to mature on Feb. 15, 2021.
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