Diageo yesterday today launched and priced US dollar 300 million of long 5-year, US dollar 600 million of 10-year and US dollar 600 million of 30-year SEC registered securities. The bonds were issued by Diageo Capital plc, with payment of principal and interest fully guaranteed by Diageo plc.
Due on 30 January 2012, the long 5-year issue pays a coupon of 5.125%. Due on 30 September 2016, the 10-year issue pays a coupon of 5.5%. Due on 30 September 2036, the 30-year issue pays a coupon of 5.875%. Goldman Sachs, Merrill Lynch and UBS were joint book runners. Barclays Capital, Credit Suisse, Deutsche Bank and JP Morgan were co-managers. Proceeds from this issuance will be used for general corporate purposes.
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 by Diageo plc, Diageo Capital plc, Diageo Finance B.V. and Diageo Investment Corporation and previously declared effective.
The long 5-year issue is priced at a spread of 74 basis points above the yield for the 5-year U.S. Treasury Note due August 2011.
The 10-year issue is priced at a spread of 99 basis points above the yield for the 10-year U.S. Treasury Note due August 2016.
The 30-year issue is priced at a spread of 125 basis points above the yield for the 30-year U.S. Treasury Note due February 2036.
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