1st Oct 2019 09:26
(Alliance News) - Diageo PLC on Tuesday said it has launched and priced a USD1.60 billion fixed rate bond offering.
The alcoholic drinks firm - which makes Guinness stout and Baileys cream liqueur among many other brands - said the offering consists of two tranches. These are USD1.00 billion of 2.375% fixed rates notes due 2029 and another USD600 million of 2.125% fixed rate notes due 2024.
The bond offering is set to settle on Thursday this week. The proceeds "will be used for general corporate purposes".
Citigroup, Deutsche Bank, HSBC, Morgan Stanley and Nomura were joint active book-running managers on the Diageo offering.
Shares in Diageo were down 0.4% at 3,319.50 pence in London on Tuesday morning.
By Anna Farley; [email protected]
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