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Diageo To Raise $2.5bn From Debt Offering

Diageo To Raise $2.5bn From Debt Offering.

Diageo, the world’s biggest spirits creator, propelled a $2.5 billion bond offering on Tuesday, weeks in the wake of suspending its offer buyback program.

The Guinness producer said the contribution will be in three tranches: $750 million at a fixed pace of 1.375% due 2025, $1 billion at 2% due 2030 and another $750 million at 2.125% due 2032.

It intends to utilize the returns for general corporate purposes.

What’s more, HSBC Securities (USA) Inc. gone about as joint dynamic books running chiefs on this contribution.

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