Diageo has reopened two fixed rate bonds, while launching a fresh set of notes.

The drinks giant said late last week that it has reopened its US$500m long five-year and $1bn 10-year SEC-registered global bonds, due on 30 January 2013 with a coupon of 5.20% and due 23 October 2017 with a coupon of 5.75% respectively. The bonds were originally issued in October.

At the same time, Diageo launched and priced an additional $250m of the 5.20% notes and an additional $250m of the 5.75% notes. The aggregate principal amount of the 2013 and 2017 notes, therefore, is $750m and $1.25bn respectively.

The company said that proceeds from the issuance will be used "for general corporate purposes".