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.
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