World’s biggest spirit maker Diageo raises $2.5 billion from bond offering

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.

Categories: Creativity, Entrepreneurship, HR & Organization, Strategy, Sustainability

Tags: , , , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: