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Diageo issues $2B floating rate notes

British alcoholic beverage company Diageo PLC has launched and priced a $2 billion bond transaction that comprises four tranches of floating rate notes with varying maturity dates, according to a May 16 SEC filing.

They include $500 million floating rate notes due May 2020, $500 million 3.000% notes due May 2020, $500 million 3.500% notes due September 2023 and $500 million 3.875% notes due May 2028.

Diageo intends to use the proceeds for general corporate purposes.

Barclays, BofA Merrill Lynch, Goldman Sachs & Co. LLC and UBS Investment Bank served as joint active book-running managers.