World: Diageo launches 600 mln euro, £500 mln sterling denominated bonds
Guinness beer owner Diageo launched and priced 600 mln of fixed rate Euro and £500 mln of fixed rate Sterling denominated bonds under its European Debt Issuance Programme, the Stock Market Wire reported on April 9.
The issue consisted of 600 mln bonds due October 2023 with a coupon of 0.125% and £500 mln bonds due October 2026 with a coupon of 1.750%.
Proceeds from this issuance would be used for general corporate purposes.
The issuer of the bonds would be Diageo Finance, with payment of principal and interest fully guaranteed by Diageo.