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Diageo Leads $27.6 Bln Bond Sales

Weeks total comes in below $30.1 bln average so far this year.

By Sarika Gangar and Charles Mead, Bloomberg | Updated on May 11, 2012

Diageo Plc, the world’s biggest distiller, and computer-services provider International Business Machines Corp. led $27.6 billion of corporate bond sales in the U.S. this week as relative yields on investment-grade debt rose.

Diageo, the seller of Johnnie Walker Scotch whisky and Guinness beer, raised $2.5 billion in a three-part offering and Armonk, New York-based IBM sold $1.5 billion of debt, including seven-year notes at a record-low coupon, according to data compiled by Bloomberg. Sales for the week compare with $32.6 billion in the period ended May 4 and a weekly 2012 average of $30.1 billion.

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