Business
Diageo launches and prices Euro and Sterling bonds
Diageo launches and prices Euro and Sterling bonds.
About this update from Diageo Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3977H\n Diageo PLC\n 06 April 2022\n \n \n \n \n 6 April 2022\n \n \n \n \n \n \n \n \n Diageo launches and prices two series of fixed rate euro-denominated bonds and two series of fixed rate sterling-denominated bonds\n \n \n \n \n \n Diageo, a global leader in beverage alcohol, yesterday launched and priced in aggregate €1,650 million of fixed rate euro-denominated bonds and in aggregate £900 million of fixed rate sterling-denominated bonds under its European Debt Issuance Programme. The issuer of the euro-denominated bonds will be Diageo Capital B.V. and the issuer of the sterling-denominated bonds will be Diageo Finance plc, and in each case the payment of principal and interest will be fully guaranteed by Diageo plc.\n \n \n \n \n \n The drawdowns will consist of the issue of €750\n million bonds due June 2029 with a coupon of 1.500% per annum, €900 million bonds due June 2034 with a coupon of 1.875% per annum, £300 million bonds due June 2028 with a coupon of 2.375% per annum and £600 million bonds due June 2038 with a coupon of 2.750% per annum. Proceeds from each issuance will be used for general corporate purposes. In relation to the euro-denominated bonds, Barclays Bank PLC, BofA Securities Europe SA, Deutsche Bank Aktiengesellschaft, Goldman Sachs Bank Europe SE have been appointed as joint active bookrunners and Credit Suisse Bank (Europe) S.A., RBC Europe Limited and Standard Chartered Bank have been appointed as joint passive bookrunners. In relation to the sterling-denominated bonds, Barclays Bank PLC, Deutsche Bank AG, London Branch, Goldman Sachs Bank Europe SE, Merrill Lynch International have been appointed as joint active bookrunners and Credit Suisse International, RBC Europe Limited and Standard Chartered Bank have been appointed as joint passive bookrunners.\n \n \n \n \n \n Relevant stabilisation regulations including FCA/ICMA apply. Manufacturer target market (EU MIFID II and UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EU PRIIPS or UK PRIIPs key information document (\"KID\") has been prepared as the securities will not be available to retail in EEA or the UK.\n \n \n \n \n \n The bonds are being offered and sold pursuant to an exemption from the registration requir...