Anheuser-Busch sells corporate debt
Brewing giant Anheuser-Busch (BUD) (AHBIF) raised funds for the acquisition of rival SABMiller (SBMRY) on Wednesday by selling $46 billion of bonds. Read SABMiller Rises 1.3% on Proposed Takeover Bid by Anheuser-Busch for more detail. The sale has received an unprecedented response and attracted $100 billion worth of orders. The sale is said to be the second largest corporate debt sale after Verizon Communications (VZ). The positive aspects of the debt instrument are attractive yields, the company’s investment-grade rating of “A,” and the fact the firm’s business is not very sensitive to economic turmoil.
The iShares MSCI United Kingdom (EWU) fell 1.7% on Wednesday, January 13, 2016. The Chinese trade data for December 2015 fell much less than expected, which boosted the stock prices of commodity-related companies on the day. Therefore, mining stocks like Randgold Resources (RRS), Rio Tinto (RIO), Fresnillo (FRES), and BHP Billiton (BHP) rose 1.6%, 1.9%, 1.5%, and 0.3%, respectively, on January 13. The data also lifted the prices of oil and gas companies.