Diageo launches and prices two-tranche $1,600 million fixed rate USD denominated bonds
Diageo, a global leader in beverage alcohol, yesterday launched and priced a $1,600 million SEC-registered bond offering, consisting of $1,000 million 2.375% fixed rate notes due 2029; and $600 million 2.125% fixed rate notes due 2024.
The issuer of the bonds is Diageo Capital plc, with payment of principal and interest fully and unconditionally guaranteed by Diageo plc. Proceeds from this issuance will be used for general corporate purposes. The bond offering is scheduled to settle on 3 October 2019.
Citigroup, Deutsche Bank, HSBC, Morgan Stanley and Nomura acted as joint active book-running managers on this offering.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities either in the United States or any other jurisdiction, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration and qualification under the securities laws of any such jurisdiction. Any public offering of securities in the United States is being made solely by means of a prospectus supplement to the prospectus included in the registration statement filed with the United States Securities and Exchange Commission (SEC) by Diageo plc, Diageo Capital plc and Diageo Investment Corporation.
Diageo has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents Diageo has filed with the SEC for more complete information about Diageo and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling: Citigroup Global Markets Inc. at +1-800-831-9146; Deutsche Bank Securities Inc. at +1-800-503-4611; HSBC Securities (USA) Inc. at +1-866-811-8049; Morgan Stanley & Co. LLC at +1-866-718-1649; or Nomura Securities International Inc. at +1-800-638-2268.