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Diageo in $2.5bn bond offering
28th Apr 2020 09:09
(Sharecast News) - Beer and spirits maker Diageo on Tuesday said it was launching a $2.5bn bond offering.
The Guinness brewer said the offering would be in three tranches: $750m at a fixed rate of 1.375% due 2025, $1bn at 2% due 2030 and a further $750m at 2.125% due 2032.
Proceeds for general corporate purposes, Diageo said. The company last month suspending its share buyback programme in response to the coronavirus crisis.
The Guinness brewer said the offering would be in three tranches: $750m at a fixed rate of 1.375% due 2025, $1bn at 2% due 2030 and a further $750m at 2.125% due 2032.
Proceeds for general corporate purposes, Diageo said. The company last month suspending its share buyback programme in response to the coronavirus crisis.