On Tuesday, the world’s largest spirits maker, Diageo, launched a $2.5 billion bond offering weeks after suspending its share buyback programme in response to the coronavirus crisis.

Diageo, whose brand of whiskey includes Johnnie Walker, said, the offering will be in three tranches: $750 million at a fixed rate of 1.375% due 2025, $1 billion at 2% due 2030 and another $750 million at 2.125% due 2032.

It plans to use the proceeds for general corporate purposes.

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