Lovells has advised long-standing client SABMiller on a €1bn (£859m) bond issue as the drinks giant bids to raise cash and repay debt.

The issue, which is part of the brewer’s €5bn (£3bn)  medium-term note programme, saw capital markets partner Andrew Carey and corporate partner Richard Brown heading the Lovells team acting for SABMiller, assisted by senior associates Adam Hastings and John Holtrichter.