Diageo will conduct four-part sale of fixed-, floating-rate notes

By Devika Patel

Knoxville, Tenn., May 15 – Diageo Capital plc will price an offering of notes in four tranches, according to a 424B5 filed with the Securities and Exchange Commission.

The company is selling three fixed-rate tranches due 2020, 2023 and 2028 and a floating-rate tranche due 2020.

The 2023 and 2028 fixed-rate notes feature a make-whole call and then a par call after the par call date. The floaters and the 2020 fixed-rate notes are non-callable.

The par call dates will be one month prior to maturity for the 2023 notes and three months prior to maturity for the 2028 notes.

The notes are guaranteed by Diageo plc.

Barclays, BofA Merrill Lynch, Goldman Sachs & Co., Santander Investment Securities Inc., Standard Chartered Bank and UBS Investment Bank are the bookrunners.

Proceeds will be used for general corporate purposes.

The premium drink company is based in London.

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