28 August 2024
Diageo prices € 1,900 million
in aggregate of fixed rate euro-denominated bonds
Diageo, a global leader in beverage
alcohol, yesterday priced in aggregate €1,900 million of fixed rate
euro-denominated bonds under its European Debt Issuance Programme.
The issuer will be Diageo Finance plc, and the payment of principal
and interest will be fully guaranteed by Diageo plc.
The drawdowns will consist of the
issue of three series of bonds: (i) €700 million bonds due 28
February 2031 with a coupon of 3.125% per annum; (ii) €700 million
bonds due 30 August 2035 with a coupon of 3.375% per annum; and
(iii) €500 million bonds due 30 August 2044 with a coupon of 3.750%
per annum. Proceeds from each issuance will be used for general
corporate purposes. Banco Santander, S.A., Citigroup Global Markets
Limited, Morgan Stanley & Co. International Plc and NatWest
Markets Plc have been appointed as active joint lead managers, and
HSBC Continental Europe and UBS AG London Branch have been
appointed as passive joint lead managers.
Relevant stabilisation regulations including FCA/ICMA apply.
Manufacturer target market (EU MIFID II and UK MiFIR product
governance) is eligible counterparties and professional clients
only (all distribution channels). No EU PRIIPS or UK PRIIPs key
information document ("KID") has been prepared as the
securities will not be available to retail in EEA or the
UK.
The bonds are being offered and sold pursuant to an exemption
from the registration requirements of the U.S. Securities Act,
outside the United States in offshore transactions, in reliance on,
and in compliance with Regulation S under the U.S. Securities Act.
This announcement has been prepared for use in connection with the
offer and sale of the bonds and does not constitute an offer to any
person in the United States. Distribution of this announcement to
any person within the United States is
unauthorised.
In
member states of the EEA, this announcement is directed only at
persons who are "qualified investors" within the meaning of
Regulation (EU) 2017/1129 (the "EU
Prospectus Regulation").
In
the UK, this announcement is directed only at persons who are
"qualified investors" within the meaning of Regulation (EU)
2017/1129 as it forms part of the domestic law of the UK by virtue
of the European Union (Withdrawal) Act 2018, as amended (the
"UK Prospectus
Regulation").
This announcement is an advertisement and does not constitute
a prospectus for the purposes of the UK Prospectus Regulation 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. This announcement
shall not be deemed to constitute an offer of or an invitation to
purchase or subscribe the Securities. This announcement 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 acquires the Securities must rely solely on
the final base prospectus dated 16 August 2024 and the final terms
in connection with each series of bonds (together, the
"Final
Terms") published by Diageo plc ("the Company"), on the basis of which
alone, purchases of or subscription for the Securities may be made.
Each of the Base Prospectus and the Final Terms, when published,
will be available at https://www.londonstockexchange.com/.
For
further information, please contact:
Investor relations:
Durga Doraisamy
+44 (0) 7902 126 906
Andy
Ryan
+44 (0) 7803 854 842
Brian
Shipman
+1 (0) 917 710 3007
investor.relations@diageo.com
Media relations:
Brendan
O'Grady
+44 (0) 7902 126 906
Clare
Cavana
+44 (0) 7751 742 072
Isabel
Batchelor
+44 (0) 7731 988 857
press@diageo.com
About Diageo
Diageo is a global leader in
beverage alcohol with an outstanding collection of brands across
spirits and beer categories. These brands include Johnnie Walker,
Crown Royal, J&B and Buchanan's whiskies, Smirnoff, Cîroc and
Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray and
Guinness.
Diageo is a global company, and our
products are sold in more than 180 countries around the world. The
company is listed on both the London Stock Exchange (DGE) and the
New York Stock Exchange (DEO). For more information about Diageo,
our people, our brands, and performance, visit us at
www.diageo.com. Visit Diageo's
global responsible drinking resource, www.DRINKiQ.com
for information, initiatives, and ways to share
best practice.
Celebrating life, every day,
everywhere.
Diageo plc
LEI:
213800ZVIELEA55JMJ32
Diageo Finance plc
LEI: BPF79TJMIH3DK8XCKI50
