24th Mar 2020 18:35
(Alliance News) - Drinks giant Diageo PLC on Tuesday issued new bonds worth over EUR2 billion.
Diageo has launched EUR750 million of bonds due in 2027 at a coupon of 1.875%, EUR1 billion of bonds due in 2032 at 2.500%, and EUR300 million due in 2029 with 2.875%.
The proceeds will be used for general purposes, Diageo said.
The bond issue was managed by Barclays PLC, Goldman Sachs Group Inc, Merrill Lynch International, and Standard Chartered PLC.
Diageo shares ended 8.1% higher on Tuesday at 2,396.00 pence each.
Earlier Tuesday, Diageo announced the appointment of former Reyonds American Inc Chief Executive Debra Crew to lead its North American business, replacing the outgoing Deirdre Mahlan.
By George Collard; [email protected]
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