Diageo in $2.5bn bond offering

Beer and spirits maker Diageo on Tuesday said it was launching a $2.5bn bond offering.

The Guinness brewer said the offering would be in three tranches: $750m at a fixed rate of 1.375% due 2025, $1bn at 2% due 2030 and a further $750m at 2.125% due 2032.

Proceeds for general corporate purposes, Diageo said. The company last month suspending its share buyback programme in response to the coronavirus crisis.