UPDATE-1 AB InBev completes pricing of 750 mln stg bond

* AB InBev completes pricing of 750 mln stg bond

* Says notes will bear annual rate of 6.50 pct

* Will mature in 2017

(Adds InBev statement, details)

Brussels, June 12 (Reuters) - Anheuser-Busch InBev (ABI.BR: Quote, Profile, Research), the world's largest brewer said on Friday that it had completed the pricing of its benchmark eight-year 750 million pound ($1.24 billion) bond.

The company said in a statement that the notes will bear interest at an annual rate of 6.50 percent and will be settled on June 23, 2009 and will mature on June 23, 2017.

It added that net proceeds from the sale of the notes will be used to repay a portion of outstanding debt incurred for the financing the acquisition of U.S brewer Anheuser-Busch.

Guidance was set at gilts plus around 330 basis points, IFR Markets, a Thomson Reuters online news and market analysis service reported earlier.

Barclays, JP Morgan, Royal Bank of Scotland and Banco Santander have been named to manage the deal, IFR said.

AB InBev is rated BBB+ by Standard & Poor's and Baa2 by Moody's Investors Service. ($1=.6059 Pound) (Reporting by Jane Baird and Bate Felix in Brussels; Editing by Hans Peters)