07:03 AM EDT, 08/28/2024 (MT Newswires) -- Diageo ( DEO ) said Wednesday it has priced 1.90 billion euros ($2.11 billion) in fixed-rate euro-denominated bonds under its European debt issuance program, with its Diageo Finance unit as the issuer.

The company said it will fully guarantee the bonds' principal and interest payments. Drawdowns will consist of 700 million euros in 3.125% bonds due February 2031, 700 million euros in 3.375% bonds due August 2035, and 500 million euros in 3.75% bonds due August 2044.

Diageo ( DEO ) said proceeds from the bonds' issuance will be used for general working capital.

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