SABMiller Joins Bond-Sale Rush in Europe

Companies tap into credit market rally.

SABMiller Plc is selling bonds in euros for the first time in three years as companies from G4S Plc to TeliaSonera AB tap into Europe’s credit-market rally.

The world’s second-biggest brewer is issuing benchmark notes due January 2020, according to people familiar with the deal. Debt issuance will top at least 16.4 billion euros ($21.3 billion) this week, the busiest since Sept. 16 and above the year’s weekly average of 14 billion euros.

Credit-Default Swaps

Credit-default swaps insuring Spanish government debt fell 12.5 basis points to 277, approaching the lowest level in 16 months. Contracts on Italy dropped 11 basis points to 236, the lowest since Oct. 18.

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