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Diageo Launches And Prices €700m Of Fixed Rate Euro And £400m Of Fixed Rate Sterling Denominated Bonds

Published on Sep 29 2020 10:35 AM in Drinks tagged: Trending Posts / Diageo

Diageo Launches And Prices €700m Of Fixed Rate Euro And £400m Of Fixed Rate Sterling Denominated Bonds

Guinness manufacturer Diageo has launched and priced €700 million of fixed rate euro and £400 million of fixed rate sterling denominated bonds under its European Debt Issuance Programme.

Issuers

The issuer of the euro bonds is Diageo Capital BV, while the issuer of the sterling bonds is Diageo Finance plc, with payment of principal and interest fully guaranteed by Diageo plc.

Bond Details

The issue consists of €700 million bonds due in September of 2028 with a coupon of 0.125%, and £400 million bonds due in March of 2033 with a coupon of 1.250%.

Diageo stated that proceeds from this issuance will be used for general corporate purposes.

Book-Running Managers

Barclays Bank plc, Morgan Stanley, NatWest Markets plc, RBC Capital Markets, Banco Santander SA and Standard Chartered Bank acted as joint active book-running managers.

© 2020 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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