SABMiller Plc is selling bonds in euros for the first time inthree years as companies from G4S Plc to TeliaSonera AB tap intoEurope's credit-market rally.

The world's second-biggest brewer is issuing benchmark notes dueJanuary 2020, according to people familiar with the deal. Debtissuance will top at least 16.4 billion euros ($21.3 billion) thisweek, the busiest since Sept. 16 and above the year's weeklyaverage of 14 billion euros.

Companies are taking advantage of a rally that pushed the costof insuring the region's bank debt to near the lowest in 16 monthsas they raise funds before the holiday period. Corporate bonds inEurope yield a record low 2.2 percent, Bank of America MerrillLynch's EMU Corporate index shows.

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