AB InBev bonds tighten in grey market
By Natalie Harrison
NEW YORK, Jan 13 (IFR) - All of the fixed rate tranches on AB InBev's US$46bn bond issue were trading 6-9bp tighter in the grey market, a buyside source said.
The US$4bn three-year was bid at T+79bp versus its T+85bp launch while the US$7.5bn five-year was at T+114bp versus T+120bp launch.
InBev's US$6bn seven-year tranche was at T+144bp versus T+150bp launch while the US$11bn 10-year was 6bp tighter at T+154bp versus T+160bp launch and the US$6bn 20-year at T+184bp versus its T+190bp launch. The US$11bn 30-year was quoted at T+196bp versus its T+205bp launch.
The bond, the second biggest on record, is expected to price later on Wednesday. (Reporting by Natalie Harrison; editing by Shankar Ramakrishnan)