Heineken cancels APB bridge loan after $3.25 billion notes issue

BRUSSELS Wed Oct 3, 2012 2:46am EDT

A plastic container with empty bottles of Heineken beers are pictured among beer kegs outside a restaurant in Singapore August 29, 2012. REUTERS/Tim Chong

A plastic container with empty bottles of Heineken beers are pictured among beer kegs outside a restaurant in Singapore August 29, 2012.

Credit: Reuters/Tim Chong

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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.

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