Diageo announced the launch and pricing of a $1.5bn two-tranche bond offering in the US market on Friday, issuing fixed-rate notes with maturities in 2030 and 2035.
Diageo
11 April 2025 09:03:28
Source: Sharecast
The FTSE 100 distilling giant said the offering, launched on 10 April, consisted of $750m in 5.125% notes due 2030 and $750m in 5.625% notes due 2035.
It said the bonds were issued by Diageo Investment Corporation, and were fully and unconditionally guaranteed by Diageo plc.
The proceeds would be used for general corporate purposes, with settlement of the SEC-registered offering expected on 15 April.
Barclays, BNP Paribas, BofA Securities, Deutsche Bank, and Goldman Sachs acted as active joint bookrunners, while RBC Capital Markets and Standard Chartered were appointed as passive joint bookrunners.
At 0843 BST, shares in Diageo were up 0.53% at 2,071p.
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