Diageo has confirmed details of its inaugural €500m (US$594.4m) benchmark bond issue. Due on 6 January 2009, the issue pays a coupon of 3.875%.
HSBC and Lehman Brothers were Joint Bookrunners. BNP Paribas, Citibank, Royal Bank of Scotland and UBS Warburg were Co-Managers.
Proceeds from the issue will be used for general business purposes such as refinancing maturing commercial paper debt.
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