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Budweiser maker bonds weaken after InBev bid

NEW YORK
Thu Jun 12, 2008 10:45am EDT

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NEW YORK (Reuters) - U.S. brewer Anheuser-Busch (BUD.N) bonds weakened on Thursday after it received an unsolicited $46 billion bid from European beermaker InBev INTB.BR, which is expected to be financed with debt.

Spreads on Budweiser-maker Anheuser-Busch's 5.5 percent notes due in 2018 widened by 21 basis points to 204 basis points over Treasuries, according to MarketAxess data.

(Reporting by Anastasija Johnson; Editing by Theodore d'Afflisio)


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