Guinness Maker Diageo Ends Bond Market Abstinence With Multi-Part Deal
- Company offering four new notes in euros and sterling
- Offer comes amid an improvement in credit market sentiment
Photographer: , Brian Ach/Getty Images
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Diageo Plc is returning to Europe’s market for new bonds for the first time since 2020.
The maker of Guinness beer and Smirnoff vodka is selling at least 1.6 billion euros ($1.75 billion) of debt in a four-part deal in euros and sterling, according to a person familiar with the matter. It’s the company’s first venture into the public market since September 2020, when it sold a two-part 700 million euros and 400 million pounds deal, according to data compiled by Bloomberg.