Spirits Maker Diageo To Raise $2.5bn From Debt Offering

Diageo, the world's largest spirits maker, launched a $2.5 billion bond offering on Tuesday, weeks after suspending its share buyback programme.

The Johnnie Walker whisky maker said the offering will be in three tranches: $750 million at a fixed rate of 1.375% due 2025, $1 billion at 2% due 2030 and another $750 million at 2.125% due 2032.

It plans to use the proceeds for general corporate purposes.

BofA Securities, Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and HSBC Securities (USA) Inc. acted as joint active book-running managers on this offering.

News by Reuters. Click subscribe to sign up to ESM: European Supermarket Magazine.