Diageo launches $1.6bn two-tranche bond offering
By Josh White
Date: Tuesday 01 Oct 2019
(Sharecast News) - Diageo has launched and priced a $1.6bn (£1.3bn) SEC-registered bond offering, it announced on Tuesday morning.
The FTSE 100 distilling giant said the offering consisted of $1bn in 2.375% fixed rate notes due 2029, and $600m in 2.125% fixed rate notes, due 2024.
It said the issuer of the bonds was Diageo Capital, with payment of principal and interest fully and unconditionally guaranteed by Diageo itself.
"Proceeds from this issuance will be used for general corporate purposes," the board said in its short statement.
"The bond offering is scheduled to settle on 3 October 2019."
Citigroup, Deutsche Bank, HSBC, Morgan Stanley and Nomura acted as joint active book-running managers on the offering, Diageo added.
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