UK: Diageo issues EUR1bn bond

By | 1 December 2008

Diageo, the global drinks giant, has launched and priced a EUR1bn fixed-rate bond under its European Debt Issuance Programme.

The six-year Euro-denominated bond is due on 5 December 2014, Diageo said today (1 December).

Proceeds from this issuance will be used for general corporate purposes, including the refinancing of maturing term debt, the maker of Guinness and Johnnie Walker whisky said.

The issuer of the bond is Diageo Finance, with payment of principal and interest fully guaranteed by Diageo.

Barclays Capital, JPMorgan Cazenove, Merrill Lynch and UBS Investment Bank were joint book-running managers.

 

Sectors: Beer & cider, Spirits

Companies: Diageo, Guinness, Johnnie Walker

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