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On 3 October, Heineken N.V. reported that it would issue a benchmark Eurobond to finance the acquisition of the Austrian brewing group BBAG for EUR1.9 billion announced in May this year. Heineken has mandated Barclays Capital, Citigroup, Credit Suisse First Boston and JPMorgan as joint bookrunners for this transaction. At this stage no announcement was made as concerns the volume and the terms of the issue, although such transactions usually have a volume in excess of EUR500 million.
The remaining financing requirement for the BBAG deal is anticipated to be funded by means of a syndicated revolving credit facility.
For the first six months this year Heineken reported that net profit and operating profit recorded organic growth of 6% and 7%, respectively.3 million hl.9 million hl..
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