16th Sep 2014 16:03
LONDON (Alliance News) - Diageo PLC Tuesday said it has launched and priced EUR500.0 million 1.75% fixed-rate Euro denominated bonds due in September 2024 under its European debt issuance programme.
Simultaneously with the new issuance, a EUR500.0 million reopening of the 1.125% bonds due in May 2019 also has taken place, the beverages company said.
The issuer of the bonds will be Diageo Finance PLC, with payment of principal and interest fully guaranteed by Diageo PLC. The issue and reopening consists of EUR0.5 billion bonds due May 2019 with a coupon of 1.125% and EUR0.5 billion bonds due September 2024 with a coupon of 1.750%.
Banco Santander SA, Bank of America Merrill Lynch, Barclays Bank PLC, Goldman Sachs International, JP Morgan Securities PLC, Standard Chartered Bank and UBS AG, London Branch are joint book-running managers. Proceeds from this issuance will be used for general corporate purposes, Diageo said.
Diageo shares Tuesday closed up 0.1% at 1,855.38 pence.
By Samuel Agini; [email protected]; @samuelagini
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