Wall Street is still abuzz over Anheuser-Busch’s (BUD) massive $46 billion bond offering earlier this month. Riad Younes, portfolio manager for the RSQ International Equity Fund (RSQVX), said the success of the largest bond deal in history bodes well for the stock. 'They did the offering because they had to finance the acquisition of SABMiller, so in this economic environment where you expect low economic growth you need a stock that is dominant in a very defensive sector and beer consumption is usually very resistant to recessions.' Younes added that Anheuser-Busch is not purely a defensive play because it has a strong presence in the emerging markets, which will snap back once those economies regain steam. Shares of Anheuser-Busch (BUD) are flat in the past 12 months.
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