World: Diageo launces $2.5 bln bond offering

Diageo, the world’s largest spirits maker, launched a $2.5 billion bond offering on April 28, weeks after suspending its share buyback programme in response to the coronavirus crisis, Reuters reported.

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.

28 April, 2020