U.K. distiller Diageo PLC launched and priced a $1.6 billion two-tranche, SEC-registered bond offering, the company announced Oct. 1.
The offering, consisting of $1 billion in 2.375% fixed rate notes due 2029 and $600 million in 2.125% fixed rate notes due 2024, is scheduled to settle on Oct. 3.
The alcoholic beverage manufacturer will use the proceeds from the issuance for general corporate purposes.
Citigroup, Deutsche Bank, HSBC, Morgan Stanley and Nomura were joint active book-running managers on the offering, the release said.
