Diageo has issued two separate bonds.

The company said yesterday (23 October) that it has launched and priced US$500m of long five-year and $1bn of ten-year SEC-registered securities. The five-year bond is due in January 2013, and pays a coupon of 5.2%. The ten-year bond, meanwhile, is due in October 2017, and pays a coupon of 5.75%, the company said.

The two bonds were issued by Diageo Capital, with Diageo itself guaranteeing payment of principal and interest.

Citi, Banc of America Securities and Morgan Stanley were joint book-running managers, while RBS Greenwich Capital and HSBC were co-managers.

"Proceeds from this issuance will be used for general corporate purposes," Diageo concluded.