FTSE 100-listed drinks business Diageo has launched and priced a 3.25bn-dollar bond transaction.
The dollar-denominated bonds consist of $750m 0.625% notes due April 2016, $650m 1.13% notes due April 2018, $1.35bn 2.63% notes due April 2023 and $500m 3.88% notes due April 2043 under its US Debt Issuance Programme.
The issuer of the bonds is Diageo Capital, with payment of principal and interest fully guaranteed by Diageo, the group said.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Diageo, which produces well-known brands such as Guinness, Johnnie Walker and Captain Morgan, reported that proceeds from the issuance would be used primarily for general corporate purposes, including repayment of maturing long-term debt and outstanding commercial paper.
MF
-
Who is the richest person in the world?The top five richest people in the world have a combined net worth of $825 billion. Who takes the crown for the richest person in the world?
-
Top 10 stocks with highest growth over past decade - from Nvidia, Microsoft to Netflix, which companies made you the most money?
We reveal the 10 global companies with the biggest returns since 2013. One firm has posted an astonishing 9,870% return, meaning a £1,000 investment would now be worth almost £82,000.
