Issue of Debt

RNS Number : 2169J

Diageo PLC

28 November 2008

 

Diageo launches and prices 6.625% fixed rate Euro denominated bond

28th November 2008

Diageo, the world's leading premium drinks business, today launched and priced a €1,000 million, fixed rate 6 year Euro denominated bond under its European Debt Issuance Programme. The issuer of the bond is Diageo Finance plc, with payment of principal and interest fully guaranteed by Diageo plc.

Due on 5th December 2014 , the 6 year issue pays a coupon of 6.625%. Barclays Capital, JPMorgan Cazenove, Merrill Lynch and UBS Investment Bank were joint book-running managers.  Proceeds from this issuance will be used for general corporate purposes, including the refinancing of maturing term debt. 

This press release 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 press release 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 press release 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 subsequently acquires the Securities must rely solely on the final prospectus published by 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.

This document is for distribution in the European Economic Area only to persons who meet the criteria of qualified investors within the meaning of the Prospectus Directive (2003/71/EC).

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Contacts

Investor enquiries 

Catherine James
[phone]
[e-mail]

Media enquiries 

James Crampton   
[phone] 
[e-mail]

 

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