1987 – Year of the shrinking market?
It’s not the biggest US corporate borrower overseas, but it’s one open to new ideas. Anheuser-Busch, the AA-rated brewing, food and leisure company that has a 37% share of the US beer market, has Swiss franc and yen dual-currency Eurobond deals outstanding as well as plain vanilla Eurodollar debt. In October, the company tapped the New York market with a $100 million 10-year 8% notes issue, and the chief financial officer, Jerry Ritter, set off on a tour of Europe to coincide with Anheuser-Busch’s new listings on the London, Paris, Frankfurt and Zurich stock exchanges.
Over the next 12 months, Ritter expects to be looking for around $200 million from the international debt markets.
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