Anheuser-Busch Calling in Full Bond Issue.ST. LOUIS, Mo.--(BUSINESS WIRE)--Oct. 30, 1998--Anheuser-Busch Companies, Inc. today announced the full call of its 8.625% Sinking Fund sinking fund, sum set apart periodically from the income of a government or a business and allowed to accumulate in order ultimately to pay off a debt. A preferred investment for a sinking fund is the purchase of the government's or firm's bonds that are to be paid Debentures. Anheuser-Busch intends to redeem on December 1, 1998 all outstanding 8.625% bonds due December 1, 2016, pursuant to the sinking fund terms of the debentures. The company said the redemption price Redemption price See: Call price redemption price 1. The price at which an open-end investment company will buy back its shares from the owners. In most cases, the redemption price is the net asset value per share. 2. is 100% of the aggregate principal amount. The bonds are payable at the office of the trustee, The Chase Manhattan Bank The Chase Manhattan Bank, now part of JPMorgan Chase, was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. The bank is headquartered in New York City. . Interest will be paid in the usual manner on December 1, 1998, and will cease to accrue on and after the redemption date Redemption date The date on which a bond matures or is redeemed. redemption date The date on which a debt security is scheduled to be redeemed by the issuer. The redemption date is the scheduled maturity date or, if applicable, a call date. . Based in St. Louis, Anheuser-Busch Companies, Inc. is the world's largest brewer and one of the largest theme park operators in the United States. The company is also one of the largest U.S. manufacturers of aluminum cans and the world's largest recycler of aluminum beverage containers. |
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