Diageo has launched and priced €1.275bn fixed rate euro denominated bonds under its European Debt Issuance Programme.
The issuer of the bonds will be Diageo Finance, with payment of principal and interest fully guaranteed by Diageo plc.
The issue consists of €775m bonds due November 2020 with a coupon of 0.000% and €500m bonds due June 2024 with a coupon of 0.500%. Proceeds from this issuance will be used for general corporate purposes.
At 9:36am: (LON:DGE) Diageo PLC share price was +11p at 2591.5p