Heineken Sells €2 Billion of Bonds for Its FIFCO Buyout (2)

Heineken NV sold €2 billion ($2.35 billion) of bonds to help finance its acquisition of Florida Ice and Farm Company’s beverage and retail businesses.

Investors placed final bids of more than €4.3 billion for the Dutch brewer’s offering, down from a peak book of €7.4 billion earlier, enabling it to tighten spreads across the three tranches, according to a person with knowledge of the deal.

The three-year notes printed at 30 basis points over mid-swaps, the pricing on the eight-year notes was set at 85 basis points, while the 12-year note was sold at 105 basis points, the person ...