Diageo in bond issue

4th Nov 2009 07:22

Guinness owner Diageo is tapping the bond market to raise half a billion dollars.The company’s subsidiary, Diageo Finance BV, issued a $500m fixed rate dollar denominated bond, due to be redeemed on 15 January 2015.The company, whose brands include Smirnoff vodka and Johnnie Walker whisky, said the bond carries a coupon of 3.25%.