Anheuser-Busch InBev sold $46 billion of bonds in preparation for its takeover of SABMiller, in what may become the largest corporate offering in history.
The world’s biggest brewer issued the notes to finance its purchase of SABMiller, receiving a record $110 billion in investor orders. With the company still potentially raising debt in other currencies, the deal may surpass the $49 billion Verizon Communications Inc. raised two years ago in the biggest company bond offering on record.
A-B InBev’s debt sale may be the first in a series of mega-deals slated to fund some $630 billion of takeovers this year. Companies will probably sell $280 billion of investment-grade corporate debt in 2016 to fund acquisitions globally, up from a record $258 billion last year, according to an estimate from Barclays Plc that excludes financial companies.
Read more: Bloomberg