(Alliance News) - Johnnie Walker whisky maker Diageo PLC on Tuesday said it has raised GBP2.5 billion through a bond offering.
The FTSE 100-listed company said the bond offered through Diageo Capital PLC comprises three tranches. The first tranche of USD750 million notes due 2025 has a 1.375% interest rate, the second of USD1 billion notes due in 2030 has a 2.0% coupon, and the final tranche of USD750 million with a 2.1% interest rate is due in 2032.
Diageo said the funds raised will be used for general corporate purposes.
Earlier in April, the company halted its share buyback scheme as part of Covid-19-related cost cuts, but had said it would still make a 27.41 pence interim payout.
Diageo back in July 2019 had announced plans to distribute up to GBP4.5 billion over a three-year period. So far, it has returned GBP1.25 billion as part of that scheme.
The stock was down marginally at 2,724.00 pence each on Tuesday morning in London.
By Ife Taiwo; ifetaiwo@alliancenews.com
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Diageo (DGE)
