Diageo Issues Bonds for EUR1.28 Billion
By Carlo Martuscelli
Diageo PLC (DGE.LN) said Tuesday that it has launched fixed-rate euro-denominated bonds for a total of 1.28 billion euros ($1.49 billion).
The bonds--issued by Diageo Finance PLC and guaranteed by Diageo PLC--consist of EUR775 million of bonds due November 2020 with a coupon of 0.000%, and EUR500 million of bonds due June 2024 with a coupon of 0.500%.
The drinks manufacturer said that it will use the proceeds from the issuance for general corporate purposes.
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(END) Dow Jones Newswires
November 14, 2017 02:55 ET (07:55 GMT)Copyright (c) 2017 Dow Jones & Company, Inc.