British American Tobacco (LSE:BATS)
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5 Years : From May 2012 to May 2017
B.A.T. International Finance PLC said Friday it has successfully priced a U.S. dollar denominated issue of notes, raising $2 billion which will be used for general corporate purposes, including the repayment of certain outstanding debt.
-Notes will be issued by B.A.T. International Finance and guaranteed by British American Tobacco PLC (BATS.LN) and British American Tobacco Holdings (The Netherlands) B.V.
-Notes will be issued in three tranches:
* $500 million of three-year notes with a coupon of 1.400%;
* $600 million of five-year notes with a coupon of 2.125%; and
* $900 million of 10-year notes with a coupon of 3.250%.
-Issue is scheduled to close on June 7, subject to customary conditions.
-BAT shares at 0835 GMT down 10 pence, or 0.33%, at 3049 pence valuing the company at GBP59.84 billion.
-By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; email@example.com