REG - Diageo PLC - Diageo prices €1bn in euro-denominated bonds

DiageoAnnouncement

01/10/2025 07:00

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RNS Number : 5011B  Diageo PLC  01 October 2025

Diageo PLC

1 October 2025

 

Diageo prices €1,000,000,000 in aggregate of fixed rate euro-denominated
bonds

 

Diageo, a global leader in beverage alcohol, yesterday priced in aggregate
€1,000,000,000 of fixed rate euro-denominated bonds under its European Debt
Issuance Programme. The issuer will be Diageo Finance plc, and the payment of
principal and interest will be fully guaranteed by Diageo plc.

 

The drawdowns will consist of the issue of two series of bonds: (i) €500
million bonds due 3 October 2032 with a coupon of 3.250% per annum; and (ii)
€500 million bonds due 3 October 2037 with a coupon of 3.750% per annum.
Proceeds from each issuance will be used for general corporate purposes.
Citigroup Global Markets Limited, HSBC Bank plc, Morgan Stanley & Co.
International Plc and UBS AG London Branch have been appointed as active joint
lead managers, and ICBC Standard Bank plc, NatWest Markets Plc and Banco
Santander, S.A. have been appointed as passive joint lead managers.

 

Relevant stabilisation regulations including FCA/ICMA apply. Manufacturer
target market (EU MIFID II and UK MiFIR product governance) is eligible
counterparties and professional clients only (all distribution channels). No
EU PRIIPS or UK PRIIPs key information document ("KID") has been prepared as
the securities will not be available to retail in the EEA or the UK.

 

The bonds are being offered and sold pursuant to an exemption from the
registration requirements of the U.S. Securities Act, outside the United
States in offshore transactions, in reliance on, and in compliance with
Regulation S under the U.S. Securities Act. This announcement has been
prepared for use in connection with the offer and sale of the bonds and does
not constitute an offer to any person in the United States. Distribution of
this announcement to any person within the United States is unauthorised.

 

In member states of the EEA, this announcement is directed only at persons who
are "qualified investors" within the meaning of Regulation (EU) 2017/1129 (the
"EU Prospectus Regulation").

In the UK, this announcement is directed only at persons who are "qualified
investors" within the meaning of Regulation (EU) 2017/1129 as it forms part of
the domestic law of the UK by virtue of the European Union (Withdrawal) Act
2018, as amended (the "UK Prospectus Regulation").

 

This announcement is an advertisement and does not constitute a prospectus for
the purposes of the UK Prospectus Regulation or offering memorandum or an
offer to acquire any securities and is not intended to provide the basis for
any credit or any other third party evaluation of the securities (the
"Securities") or the transaction (the "Transaction") and should not be
considered as a recommendation that any investor should subscribe for or
purchase any of the Securities. This announcement shall not be deemed to
constitute an offer of or an invitation to purchase or subscribe the
Securities. This announcement does not constitute an offer to sell, exchange
or transfer any securities and is not soliciting an offer to purchase,
exchange or transfer any securities in any jurisdiction where such offer,
sale, exchange or transfer is not permitted or is unlawful.

 

Any investor who acquires the Securities must rely solely on the final base
prospectus dated 20 August 2025 and the final terms in connection with each
series of bonds (together, the "Final Terms") published by Diageo plc ("the
Company"), on the basis of which alone, purchases of or subscription for the
Securities may be made. Each of the Base Prospectus and the Final Terms, when
published, will be available at https://www.londonstockexchange.com/
(https://www.londonstockexchange.com/) .

 

 

For further information, please contact:

 

Investor relations:

Sonya Ghobrial              +44 (0) 7392 784 784

Andy Ryan                      +44 (0) 7803 854 842

Grace Murphy                +44 (0) 7514 726 167

 
investor.relations@diageo.com

 

Media relations:

Rebecca Perry               +44 (0) 7590 809 101

Clare Cavana                  +44 (0) 7751 742 072

Isabel Batchelor            +44 (0) 7731 988 857

 
press@diageo.com

 

 

About Diageo

 

Diageo is a global leader in beverage alcohol with an outstanding collection
of brands including Johnnie Walker, Crown Royal, JεB and Buchanan's whiskies,
Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio,
Tanqueray and Guinness.

 

Diageo is a global company, and our products are sold in nearly 180 countries
around the world. The company is listed on both the London Stock Exchange
(DGE) and the New York Stock Exchange (DEO).

 

For more information about Diageo, our people, our brands, and performance,
visit us at www.diageo.com. Visit Diageo's global responsible drinking
resource, www.DRINKiQ.com for information, initiatives, and ways to share best
practice.

 

Celebrating life, every day, everywhere

 

Diageo plc

LEI: 213800ZVIELEA55JMJ32

 

Diageo Finance plc

LEI: BPF79TJMIH3DK8XCKI50

 

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