Shareholder Information continued
For the first time in the Company's 148 year history, FIEINEKEN was assigned investment grade credit ratings in 2012 by the world's two leading credit
agencies, Moody's Investor Service and Standard Poor's. Both long term credit ratings, were solid Baal and BBB+, respectively and both have a 'stable'
outlook per the date of this Annual Report. The assignment of the credit ratings has allowed the Company to further diversify its funding base.
On 19 March 2012, HEINEKEN issued EUR1.35 billion of Notes under its EMTN Programme comprising EUR850 million of 7-year Notes with a coupon
of 2.5 per cent and EUR500 million of 12-year Notes with a coupon of 3.5 percent. On 3 April 2012, HEINEKEN issued USD750 million of 10-year 144A
RegS US Notes with a coupon of 3.4 percent On 2 August 2012, HEINEKEN issued EUR1.75 billion of Notes under its EMTN Programme, consisting of
8-year Notes for a principal amount of EUR1 billion with a coupon of 2.125 per cent and 13-year Notes for a principal amount of EUR750 million with
a coupon of 2.875 percent. On 3 October 2012, HEINEKEN successfully priced 144A/RegS US Notes for a principal amount of USD3.25 billion. This
comprised USD500 million of 3-year Notes at a coupon of 0.8 percent, USD1.25 billion of 5-year Notes at a coupon of 1.4 percent, USD1 billion of
10.5-year Notes at a coupon of 2.75 per cent and USD500 million of 30-year Notes at a coupon of 4.0 per cent. The proceeds of the Notes have been
used for various corporate purposes including the financing of the acquisition of Asia Pacific Breweries Limited and the repayment of debt facilities.
The issues have enabled HEINEKEN to further improve the currency and maturity profile of its long-term debt.
N.V. NotesIssue dateTotal face valueInterest rateMaturityISIN code
EUR Note 2013
EUR 600 million
EUR EMTN 2014
EUR 1 billion
144 A/RegS 2015
USD 500 million
GBP EMTN 2015
GBP 400 million
EUR EMTN 2016
EUR 400 million
144 A/RegS 2017
USD 1.25 billion
EUR EMTN 2019
EUR 850 million
EUR EMTN 2020
EUR 1 billion
144 A/RegS 2022
USD 750 million
144 A/RegS 2023
USD 1 billion
EUR EMTN 2024
EUR 500 million
EUR EMTN 2025
EUR 750 million
144 A/RegS 2042
USD 500 million
In September 2008, HEINEKEN established a Euro Medium Term Note (EMTN) Programme which was subsequently updated in September 2009,
September 2010, March 2012 (and March 2013). The programme allows Heineken N.V. from time to time to issue Notes up to EUR10 billion. Currently
approximately EUR5.0 billion of Notes is outstanding under the programme. The EMTN Programme and all Notes issued thereunder are listed on the
Luxembourg Stock Exchange.
HEINEKEN was awarded the Corporate Issuer of the Year
2012 Award by IFR Magazine for successfully issuing over
EUR6 billion of bonds in various markets on the back of the
credit ratings obtained earlier in the year.
Heineken N.V. Annual Report 2012