South African Breweries (SAB), the London-listed company that makes Castle Lager and Carling Black Label, is looking to make an opportunistic raid on the equity-linked market with a $600m (€700m) convertible.
The company went out late on Monday with the issue, led by JP Morgan. Nick Chaloner, director of communications at SAB, said: "We're taking advantage of a relatively low-cost interest environment to fix our debt for a longer period."
