16th Oct 2018 08:01
LONDON (Alliance News) - Diageo PLC on Tuesday said it plans to raise EUR2 billion via the issue of fixed rate euro denominated bonds under its European debt issuance programme.
The producer of spirits and beer said the issue consists of EUR900 million bonds due October 2021 with a coupon of 0.25%, EUR600 million bonds due April 2025 with a coupon of 1.0%, and EUR500 million bonds due October 2027 with a coupon of 1.5%.
These bonds will be issued by Diageo Finance PLC, with payment of principal and interest covered by Diageo. The company intends to use the funds for general corporate purposes, it said.
Citigroup Global Markets Ltd, Deutsche Bank AG, HSBC Bank PLC, Morgan Stanley & Co International PLC and NatWest Markets PLC are acting as joint book-running managers.
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