LONDON (Alliance News) - Diageo PLC on Tuesday launched and priced EUR600 million of fixed rate euro and GBP500 million of fixed rate sterling bonds.
The drinks company, which makes Johnnie Walker Scotch whiskey and Captain Morgan rum, will use the proceeds for "general corporate purposes".
Its joint bookrunning managers are Barclays Bank PLC, Merrill Lynch International, Goldman Sachs International, and Banco Santander SA.
The issue consists of EUR600 million of bonds due October 2023 with a 0.125% coupon and GBP500 million bonds due 2026 with a 1.750 coupon.
Diageo Finance PLC will issue the bonds, with the principal and interest fully guaranteed by Diageo.
Shares in Diageo were down marginally early Tuesday at 3,127.50 pence each.
Diageo (DGE)
