Business
Diageo prices €1,900m euro-denominated bonds
Diageo prices €1,900m euro-denominated bonds.
About this update from Diageo Plc
[{"type":"text","content":"\n\n28 August 2024\n \n \nDiageo prices € 1,900 million in aggregate of fixed rate euro-denominated bonds\n \nDiageo, a global leader in beverage alcohol, yesterday priced in aggregate €1,900 million of fixed rate euro-denominated bonds under its European Debt Issuance Programme. The issuer will be Diageo Finance plc, and the payment of principal and interest will be fully guaranteed by Diageo plc.\n \nThe drawdowns will consist of the issue of three series of bonds: (i) €700 million bonds due 28 February 2031 with a coupon of 3.125% per annum; (ii) €700 million bonds due 30 August 2035 with a coupon of 3.375% per annum; and (iii) €500 million bonds due 30 August 2044 with a coupon of 3.750% per annum. Proceeds from each issuance will be used for general corporate purposes. Banco Santander, S.A., Citigroup Global Markets Limited, Morgan Stanley & Co. International Plc and NatWest Markets Plc have been appointed as active joint lead managers, and HSBC Continental Europe and UBS AG London Branch have been appointed as passive joint lead managers.\n \nRelevant 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 \nThe bonds are being offered and sold pursuant to an exemption from the registration requirements of the U.S. Securities Act, outside the United States in offshore transactions, in reliance on, and in compliance with Regulation S under the U.S. Securities Act. This announcement has been prepared for use in connection with the offer and sale of the bonds and does not constitute an offer to any person in the United States. Distribution of this announcement to any person within the United States is unauthorised.\n \nIn member states of the EEA, this announcement is directed only at persons who are \"qualified investors\" within the meaning of Regulation (EU) 2017/1129 (the \"EU Prospectus Regulation\").\n \nIn the UK, this announcement is directed only at persons who are \"qualified investors\" within the meaning of Regulation (EU) 2017/1129 as it forms part of the domestic law of ...