Heineken cancels APB bridge loan after $3.25 billion notes issue
BRUSSELS (Reuters) - Heineken NV (HEIN.AS) said on Wednesday it had canceled a 2.5 billion euro bridge loan to fund its acquisition of Asia Pacific Breweries APBB.SI after the issue of dollar-denominated notes.
Heineken said it had issued $3.25 billion of notes -- $500 million of three-year notes with a coupon of 0.80 percent, $1.25 billion of five-year notes at 1.40 percent, $1 billion of 10 and a half-year notes at 2.75 percent and $500 million of 30-year notes at 4.00 percent.
Heineken last week won full control of Tiger beer maker Asia Pacific Breweries in a $6.4 billion deal.
DETROIT - U.S. auto sales in July will be the strongest for the month since 2006, and rise 9 percent from last year, automotive industry consultants J.D. Power and LMC Automotive predicted on Thursday.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.