Diageo Issues Bonds Worth €2bn For General Corporate Purposes
Diageo has announced that it has launched and priced fixed-rate Sterling denominated bonds worth €2 billion under its European debt issuance programme.
The issue comprises €750 million bonds due 2027 with a coupon of 1.875%, €1 billion bonds due 2032 with a coupon of 2.500%, and £300 million bonds due 2029 with a coupon of 2.875%.
Diageo Finance plc will be the issuer of the bonds and Diageo plc. has guaranteed full payment of principal and interest.
Proceeds from this issuance will be used for general corporate purposes, the company added.
The joint active book-running managers for the bonds are Barclays Bank plc, Goldman Sachs International, Merrill Lynch International, and Standard Chartered Bank.