Diageo, a global leader in beverage alcohol, has launched and priced €750 million of fixed rate Euro, €1 billion of fixed rate Euro and £300 million of fixed rate Sterling denominated bonds under its European Debt Issuance Programme. The issuer of the bonds will be Diageo Finance plc, with payment of principal and interest fully guaranteed by Diageo plc.
The issue consists of €750 million bonds due 2027 with a coupon of 1.875%, €1 billion bonds due 2032 with a coupon of 2.500% and £300 million bonds due 2029 with a coupon of 2.875%. Proceeds from this issuance will be used for general corporate purposes. Barclays Bank plc, Goldman Sachs International, Merrill Lynch International and Standard Chartered Bank are joint active book-running managers.
This announcement is for information purposes only and does not constitute a prospectus or offering memorandum or an offer to acquire any securities and is not intended to provide the basis for any credit or any other third party evaluation of the securities (the “Securities”) or the transaction (the “Transaction”) and should not be considered as a recommendation that any investor should subscribe for or purchase any of the Securities. Neither this announcement nor any other documentation or information (or any part thereof) delivered or supplied under or in relation to the Transaction or the Securities shall be deemed to constitute an offer of or an invitation to purchase or subscribe the Securities. This announcement does not constitute an offer to sell, exchange or transfer any securities and is not soliciting an offer to purchase, exchange or transfer any securities in any jurisdiction where such offer, sale, exchange or transfer is not permitted or is unlawful.
Any investor who acquires the Securities must rely solely on the final prospectus and Final Terms published by Diageo plc (“the Company”) in connection with the Transaction, on the basis of which alone, purchases of or subscription for the Securities may be made.
The securities have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and no securities shall be offered or sold in the United States or to U.S. persons (as those terms are defined in Regulation S under the Securities Act) unless an exemption from the registration requirements of the Securities Act is available.
Manufacturer target market (MiFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as not available to retail in EEA.
Diageo Finance plc
Published on : http://www.diageo.com/en/news-and-media/press-releases/diageo-launches-and-prices-three-tranche-750-million-of-fixed-rate-euro-1-billion-of-fixed-rate-euro-and-300-million-of-fixed-rate-sterling-denominated-bonds/
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