Bond AB InBev 2.25% ( BE6295393936 ) in GBP

AB InBev

90.74 % ▼

Belgium

BE6295393936 ( in GBP )

2.25% per year ( payment 1 time a year)

24/05/2029

Prospectus brochure of the bond AB InBev BE6295393936 en GBP 2.25%, maturity 24/05/2029

1 000 GBP

700 000 000 GBP

24/05/2024 ( In 34 days )

The Bond issued by AB InBev ( Belgium ) , in GBP, with the ISIN code BE6295393936, pays a coupon of 2.25% per year.
The coupons are paid 1 time per year and the Bond maturity is 24/05/2029

FINAL TERMS

Final Terms dated 22 May 2017
ANHEUSER-BUSCH INBEV SA/NV
Issue of £700,000,000 2.250 per cent. Notes due 2029
Guaranteed by
ANHEUSER-BUSCH COMPANIES, LLC
ANHEUSER-BUSCH INBEV FINANCE INC.
ANHEUSER-BUSCH INBEV WORLDWIDE INC.
BRANDBEV S.À R.L.
BRANDBREW S.A.
COBREW NV
under the 40,000,000,000
Euro Medium Term Note Programme
Any person making or intending to make an offer of the Notes may only do so:
(i)
in those Public Offer Jurisdictions mentioned in Paragraph 7(vi) of Part B below, provided such person
is a Dealer or Authorised Offeror (as such term is defined in the Base Prospectus) and that such offer is
made during the Offer Period specified for such purpose therein and that any conditions relevant to the
use of the Base Prospectus are complied with; or
(ii)
otherwise in circumstances in which no obligation arises for the Issuer or any Dealer to publish a
prospectus pursuant to Article 3 of the Prospectus Directive or supplement a prospectus pursuant to
Article 16 of the Prospectus Directive, in each case, in relation to such offer. Neither the Issuer nor any
Guarantor nor any Dealer has authorised, nor do they authorise, the making of any offer of Notes in any
other circumstances.
Neither the Issuer nor any Guarantor nor any Dealer has authorised, nor do they authorise, the making of any
offer of Notes in any other circumstances.
The expression "Prospectus Directive" means Directive 2003/71/EC (as amended, including by Directive
2010/73/EU) and includes any relevant implementing measure in a relevant Member State of the European
Economic Area.
0015437-0010037 ICM:27221737.4
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PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions (the "Conditions")
set forth in the Base Prospectus dated 6 December 2016 which, as supplemented by the supplement to the Base
Prospectus dated 11 May 2017 (the "Supplement"), together constitute a base prospectus (the "Base
Prospectus") for the purposes of the Prospectus Directive. This document constitutes the Final Terms of the
Notes described herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in
conjunction with the Base Prospectus. Full information on the Issuer, the Guarantors and the offer of the Notes
is only available on the basis of the combination of these Final Terms and the Base Prospectus. However, a
summary of the issue of the Notes is annexed to these Final Terms. The Base Prospectus and the Supplement are
available for viewing on the website of the Regulatory News Service operated by the London Stock Exchange (at
www.londonstockexchange.com/exchange/news/market-news/market-news-home.html) and copies may be
obtained during normal business hours at the specified offices of the Domiciliary Agent for the time being in
Belgium.

1.
(a)
Issuer:
Anheuser-Busch InBev SA/NV

(b)
Guarantors:
Anheuser-Busch Companies, LLC
Anheuser-Busch InBev Finance Inc.
Anheuser-Busch InBev Worldwide Inc.
Brandbev S.à r.l.
Brandbrew S.A.
Cobrew NV
2.
(a)
Series Number:
30

(b)
Tranche Number:
1

(c)
Date on which the Notes will be
Not Applicable
consolidated and form a single
Series:
3.
Specified Currency or Currencies:
Sterling ("£")
4.
Aggregate Nominal Amount:

(a)
Series:
£700,000,000

(b)
Tranche:
£700,000,000
5.
Issue Price:
98.657 per cent. of the Aggregate Nominal Amount
6.
(a)
Specified Denominations:
£1,000

(b)
Calculation Amount:
£1,000
7.
(a)
Issue Date:
24 May 2017

(b)
Interest Commencement Date:
Issue Date
8.
Maturity Date:
24 May 2029
9.
Interest Basis:
2.250 per cent. Fixed Rate
(further particulars specified below)
10.
Redemption Basis:
Subject to any purchase and cancellation or early
redemption the Notes will be redeemed on the
Maturity Date at 100 per cent. of their nominal
amount
0015437-0010037 ICM:27221737.4
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11.
Change of Interest Basis:
Not Applicable
12.
Put/Call Options:
Issuer Call
(further particulars specified below)
13.
Date of Board approval for issuance of Notes 10 November 2016 and 11 May 2017 in the case of
and Guarantee(s) obtained:
Anheuser-Busch InBev SA/NV; 11 November 2016
and 10 May 2017 in the case of Anheuser-Busch
Companies LLC; 8 November 2016 and 9 May 2017
in the case of Anheuser-Busch InBev Finance Inc.;
11 November 2016 and 10 May 2017 in the case of
Anheuser-Busch Worldwide Inc.; 9 November 2016
and 9 May 2017 in the case of Brandbev S.à r.l.; 10
November 2016 and 10 May 2017 in the case of
Brandbrew S.A. and 10 November 2016 and 10 May
2017 in the case of Cobrew NV.
14.
Fixed Rate Note Provisions:
Applicable

(a)
Rate(s) of Interest:
2.250 per cent. per annum payable in arrear on each
Interest Payment Date

(b)
Interest Payment Date(s):
24 May in each year, commencing on 24 May 2018,
up to and including the Maturity Date

(c)
Day Count Fraction:
Actual/Actual (ICMA)

(d)
Determination Date(s):
24 May in each year

(e)
Ratings Step-up/Step-down:
Not Applicable
15.
Floating Rate Note Provisions:
Not Applicable
16.
Zero Coupon Note Provisions:
Not Applicable
17.
Issuer Call:
Applicable

(a)
Optional Redemption Date(s):
Any date prior to the Maturity Date

(b)
Optional Redemption Amount of
Reference Bond Basis
each Note:

(i)
Optional Redemption
+20 basis points
Margin:

(ii)
Reference Bond:
CA Selected Bond

(iii)
Quotation Time:
5.00 p.m. London time

(iv)
Reference Rate
The third Business Day preceding the relevant
Determination Day:
Optional Redemption Date

(c)
If redeemable in part:

(i)
Minimum Redemption
Not Applicable
Amount:

(ii)
Maximum Redemption
Not Applicable
Amount:
18.
Investor Put:
Not Applicable
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19.
Final Redemption Amount:
£1,000 per Calculation Amount
20.
Early Redemption Amount payable on
£1,000 per Calculation Amount
redemption for taxation reasons or on event
of default:
21.
Additional Financial Centre(s) or other
A day on which the TARGET2 System is open.
special provisions relating to Payment Days:
0015437-0010037 ICM:27221737.4
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PART B OTHER INFORMATION

1.
LISTING AND ADMISSION TO TRADING

(i)
Listing and Admission to trading:
Application has been made by the Issuer (or on its
behalf) for the Notes to be admitted to trading on the
London Stock Exchange's Regulated Market and to
listing on the Official List of the FCA and these
admissions are expected to take effect on or around 24
May 2017.

(ii)
Estimate of total expenses related to
£3,650
admission to trading:
2.
RATINGS
The Notes to be issued are expected to be rated:

S&P: A- (negative)
Moody's: A3 (stable)

3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE

Save for any fees payable to Barclays Bank PLC, Deutsche Bank AG, London Branch, HSBC Bank plc,
Merrill Lynch International, The Royal Bank of Scotland plc (trading as NatWest Markets), Banca IMI
S.p.A., Commerzbank Aktiengesellschaft, Coöperatieve Rabobank U.A., Mizuho International plc, MUFG
Securities EMEA plc, SMBC Nikko Capital Markets Limited and UniCredit Bank AG (the Managers"), so
far as the Issuer is aware, no person involved in the issue of the Notes has an interest material to the offer.
The Managers and their affiliates have engaged, and may in the future engage, in investment banking
and/or commercial banking transactions with, and may perform other services for, the Issuer and the
Guarantors and their affiliates in the ordinary course of business.
4.
REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS, TOTAL EXPENSES AND USE
OF PROCEEDS

(i)
Reasons for the offer:
The Reasons for the offer are as described in "Use of
Proceeds", below.

(ii)
Estimated net proceeds:
£687,274,000

(iii)
Estimated total expenses:
£30,000

(iv)
Use of Proceeds:
Net proceeds received from the Notes will be used to
fund the general corporate purposes of the Issuer.
5.
YIELD

Indication of yield:
2.380 per cent. per annum

The yield is calculated at the Issue Date on the basis of
the Issue Price. It is not an indication of future yield.
6.
OPERATIONAL INFORMATION

(i)
ISIN Code:
BE6295393936

(ii)
Common Code:
161740101

(iii)
Any clearing system(s) other than the
Not Applicable
X/N Clearing System and the relevant
identification number(s):

(iv)
Delivery:
Delivery free of payment

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(v)
Names and addresses of additional
Not Applicable
paying agent(s) (if any):

(vi)
Intended to be held in a manner which
Yes
would allow Eurosystem eligibility:
7.
DISTRIBUTION

(i)
Method of distribution:
Syndicated

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(ii)
If syndicated:

(a)
Names and addresses of Dealers
Barclays Bank PLC
and underwriting commitments:
5 The North Colonnade
Canary Wharf
London E14 4BB
United Kingdom

Deutsche Bank AG, London Branch
Winchester House
1 Great Winchester Street
London EC2N 2DB
United Kingdom
HSBC Bank plc
8 Canada Square
London E14 5HQ
United Kingdom

Merrill Lynch International
2 King Edward Street
London EC1A 1HQ
United Kingdom
The Royal Bank of Scotland plc (trading as NatWest
Markets)
250 Bishopsgate
London EC2M 4AA
United Kingdom
Banca IMI S.p.A.
Largo Mattioli 3
20121
Milan
Italy

Commerzbank Aktiengesellschaft
Kaiserstrasse 16 (Kaiserplatz)
60311 Frankfurt am Main
Germany
Coöperatieve Rabobank U.A.
Croeselaan 18
3521 CB Utrecht
The Netherlands

Mizuho International plc
Mizuho House
30 Old Bailey
London EC4M 7AU
United Kingdom

0015437-0010037 ICM:27221737.4
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MUFG Securities EMEA plc
Ropemaker Place
25 Ropemaker Street
London EC2Y 9AJ
United Kingdom

SMBC Nikko Capital Markets Limited
One New Change
London EC4M 9AF
United Kingdom

UniCredit Bank AG
Arabellastr. 12
81925 Munich
Germany

The Managers have joint and several underwriting
commitments in respect of the Notes, with the
anticipated commitment of the Notes being divided
amongst the Managers as follows:
Barclays Bank PLC
£109,200,000
Deutsche Bank AG, London
£130,900,000
Branch
HSBC Bank plc
£109,200,000
Merrill Lynch International
£119,000,000
The Royal Bank of Scotland
£109,200,000
plc (trading as NatWest
Markets)
Banca IMI S.p.A.
£17,500,000
Commerzbank
£17,500,000
Aktiengesellschaft
Coöperatieve Rabobank U.A.
£17,500,000
Mizuho International plc
£17,500,000
MUFG Securities EMEA plc
£17,500,000
SMBC Nikko Capital
£17,500,000
Markets Limited
UniCredit Bank AG
£17,500,000

(b)
Date of subscription
22 May 2017
agreement:

(c)
Stabilising Manager(s) (if
Deutsche Bank AG, London Branch
any):
(iii)
If non-syndicated, name and address of Not Applicable
Dealer:

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