News

Industries

Companies

Jobs

Events

People

Video

Audio

Galleries

My Biz

Submit content

My Account

Advertise

Retail Trends

SABMiller raises R1bn in bond issue

Brewing giant SABMiller (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.

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za
Let's do Biz