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Published on 9/30/2019 in the Prospect News Investment Grade Daily.

Diageo intends to sell fixed-rate notes due 2024, 2029

By Devika Patel

Knoxville, Tenn., Sept. 30 – Diageo Capital plc will price fixed-rate notes in two tranches due 2024 and 2029, according to a 424B5 filed with the Securities and Exchange Commission.

The notes feature a make-whole call until one month prior to maturity for the 2024 notes and three months prior to maturity for the 2029 notes and then a par call.

The notes are guaranteed by Diageo plc.

Citigroup Global Markets Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC, Nomura, Credit Suisse Securities (USA) LLC and NatWest Markets are the bookrunners.

Proceeds will be used for general corporate purposes.

The premium drink company is based in London.


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