Diageo serves up EUR 2bn fixed-rate bonds

16th Oct 2018 08:20

(Sharecast News) - Distilling giant Diageo has launched and priced €2bn of fixed rate euro-denominated bonds under its European Debt Issuance Programme, it announced on Tuesday.The FTSE 100 company said the issuer of the bonds would be Diageo Finance, with payment of principal and interest fully guaranteed by Diageo.It said the issue consisted of €900m bonds due October 2021 with a coupon of 0.250%; €600m bonds due April 2025 with a coupon of 1.000%; and €500m bonds due October 2027 with a coupon of 1.500%."Proceeds from this issuance will be used for general corporate purposes," the board said in its statement.Citigroup Global Markets, Deutsche Bank London branch, HSBC Bank, Morgan Stanley & Co. International and NatWest Markets were joint book-running managers.