REG - Diageo PLC Diageo Finance PLC Diageo Capital B.V. - Diageo launches and prices Euro and Sterling bonds

DiageoAnnouncement

06/04/2022 07:00

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RNS Number : 3977H  Diageo PLC  06 April 2022

6 April 2022

 

 

Diageo launches and prices two series of fixed rate euro-denominated bonds and
two series of fixed rate sterling-denominated bonds

 

Diageo, a global leader in beverage alcohol, yesterday launched and priced in
aggregate €1,650 million of fixed rate euro-denominated bonds and in
aggregate £900 million of fixed rate sterling-denominated bonds under its
European Debt Issuance Programme. The issuer of the euro-denominated bonds
will be Diageo Capital B.V. and the issuer of the sterling-denominated bonds
will be Diageo Finance plc, and in each case the payment of principal and
interest will be fully guaranteed by Diageo plc.

 

The drawdowns will consist of the issue of €750 million bonds due June 2029
with a coupon of 1.500% per annum, €900 million bonds due June 2034 with a
coupon of 1.875% per annum, £300 million bonds due June 2028 with a coupon of
2.375% per annum and £600 million bonds due June 2038 with a coupon of 2.750%
per annum. Proceeds from each issuance will be used for general corporate
purposes. In relation to the euro-denominated bonds, Barclays Bank PLC, BofA
Securities Europe SA, Deutsche Bank Aktiengesellschaft, Goldman Sachs Bank
Europe SE have been appointed as joint active bookrunners and Credit Suisse
Bank (Europe) S.A., RBC Europe Limited and Standard Chartered Bank have been
appointed as joint passive bookrunners. In relation to the
sterling-denominated bonds, Barclays Bank PLC, Deutsche Bank AG, London
Branch, Goldman Sachs Bank Europe SE, Merrill Lynch International have been
appointed as joint active bookrunners and Credit Suisse International, RBC
Europe Limited and Standard Chartered Bank have been appointed as joint
passive bookrunners.

 

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 (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 20 August 2021, as supplemented as of 1 April 2022 (together
the "Base Prospectus") 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/
(https://www.londonstockexchange.com/) .

 

A rating is not a recommendation to buy, sell or hold bonds and may be subject
to revision, suspension or withdrawal at any time by the assigning rating
organisation.

 

 

 

For further information, please contact:

 Investor relations:
 Durga Doraisamy      +44 (0) 7902 126 906
 Lucinda Baker        +44 (0) 7974 375 550
 Belinda Brown        +44 (0) 7590 810 246
                      investor.relations@diageo.com

 Media relations:
 Francesca Olivieri   +44 (0) 7523 930 130
                      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 (http://www.diageo.com) . Visit Diageo's global responsible
drinking resource, www.DRINKiQ.com (http://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

 

Diageo Capital B.V.

LEI: 213800YHFC48VOL6JY40

 

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