Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Mexican government unveils $540M industrial hub to lure investments
    • ‘People Might Be Underestimating Demand For Spot XRP ETFs,’ ETF Expert Says As CME XRP Futures Set Open Interest Record
    • SoftBank, Rakuten tap Japan’s booming retail demand for bonds
    • Financial advice about living trusts, capital gains and COBRA
    • What is Expense Ratio in Mutual Funds? – Money Insights News
    • Billionaires Buy 2 Magnificent Index Funds That a Wall Street Analyst Says Could Soar 132%
    • not the FTSE 100 or S&P 500)
    • Five tell-tale signs that investing money is not for you
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Bonds»Diageo Seeks Long-Dated Euro Debt in Bumper Day for New Bonds – BNN Bloomberg
    Bonds

    Diageo Seeks Long-Dated Euro Debt in Bumper Day for New Bonds – BNN Bloomberg

    August 27, 2024


    (Bloomberg) — Global alcohol maker Diageo Plc is seeking new long dated euro debt as part of a bumper corporate bond offering, with new issuance stepping up a gear in Europe’s primary market.

    The owner of the Smirnoff vodka, Johnnie Walker whiskey and Guinness brands is looking to raise a maximum of €1.9 billion ($2.1 billion) from a three part offering with maturities of six and a half years, 11 years and 20 years, according to a person familiar with the matter who asked not to be identified. The deal is expected to price later today.

    Less than €15 billion of 20-year and longer senior investment-grade debt has been raised by corporate issuers since the start of the year versus around €194 billion in shorter maturities, according to data compiled by Bloomberg. Some investors have been keen to lock in higher yields while they can as central banks globally start to cut interest rates. In Europe, some ECB officials have been talking up another the prospect of another reduction recently, having already cut rates once this year. 

    Still, at more than €1.6 billion, demand for the longer tranche was less than that seen for the shorter tranches.

    Corporates are leading the way on Tuesday in what is set to be the busiest day for new debt sales in Europe since June 4, with at least 18 issuers selling 26 tranches, the data shows. Other companies in the market include BT Group Plc, Deutsche Lufthansa AG and National Grid North America Inc.

    ©2024 Bloomberg L.P.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    SoftBank, Rakuten tap Japan’s booming retail demand for bonds

    August 31, 2025

    Hong Kong reduces coupon in 10th batch of Silver Bonds ahead of Fed’s expected rate cut

    August 29, 2025

    Premium Bonds chances of winning after further prize rate drops

    August 29, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Mexican government unveils $540M industrial hub to lure investments

    August 31, 2025

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023

    The Evolution of Art and Art Investments: A Historical Perspective on Fruitful Returns and Wealth Management

    August 21, 2023
    Don't Miss
    Investments

    Mexican government unveils $540M industrial hub to lure investments

    August 31, 2025

    Borderlands Mexico is a weekly rundown of developments in the world of United States-Mexico cross-border…

    ‘People Might Be Underestimating Demand For Spot XRP ETFs,’ ETF Expert Says As CME XRP Futures Set Open Interest Record

    August 31, 2025

    SoftBank, Rakuten tap Japan’s booming retail demand for bonds

    August 31, 2025

    Financial advice about living trusts, capital gains and COBRA

    August 31, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Rent To Own strategy launched by investment firm

    October 16, 2024

    Bonds Eventually Pass on Decisive Reaction to Tuesday’s Data

    August 12, 2025

    3 Magnificent Mutual Funds to Maximize Your Retirement Portfolio

    July 17, 2024
    Our Picks

    Mexican government unveils $540M industrial hub to lure investments

    August 31, 2025

    ‘People Might Be Underestimating Demand For Spot XRP ETFs,’ ETF Expert Says As CME XRP Futures Set Open Interest Record

    August 31, 2025

    SoftBank, Rakuten tap Japan’s booming retail demand for bonds

    August 31, 2025
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    ₹10,000 monthly SIP in this debt mutual fund has grown to over ₹70 lakh in 23 years

    June 13, 2025

    ₹1 lakh investment in these 2 ELSS mutual funds at launch would have grown to over ₹5 lakh. Check details

    April 25, 2025
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.