LONDON--Diageo PLC (DGE.LN) has launched and priced 0.5 billion
euros ($0.7 billion) fixed rate Euro denominated bonds due in
September 2024 under its European Debt Issuance Program, the maker
of Johnnie Walker whisky and Smirnoff vodka said Tuesday.
Simultaneously with the new issuance, a EUR0.5 billion reopening
of the 1.125% bonds due in May 2019 has also taken place, Diageo
said.
The issuer of the bonds will be Diageo Finance PLC, with payment
of principal and interest fully guaranteed by Diageo PLC.
The issue consists of EUR0.5 billion bonds due May 2019 with a
coupon of 1.125% and EUR0.5 billion bonds due September 2024 with a
coupon of 1.750%, and proceeds from this issuance will be used for
general corporate purposes, the company said.
Banco Santander, S.A., Bank of America Merrill Lynch, Barclays
Bank PLC, Goldman Sachs International, J.P. Morgan Securities PLC,
Standard Chartered Bank and UBS AG, London Branch are joint
book-running managers.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter:
@Raztweet
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