US Bond Issue

RNS Number : 6151E

British American Tobacco PLC

01 June 2012

 

US Bond Issue

B.A.T. International Finance p.l.c. announces that it has successfully priced a US dollar denominated issue of notes (the "Notes"), raising proceeds of approximately US$2 billion.  The Notes will be issued by B.A.T. International Finance p.l.c. and guaranteed by British American Tobacco p.l.c. and British American Tobacco Holdings (The Netherlands) B.V. pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act"), in three tranches:

US$500,000,000 million of 3-year notes with a coupon of 1.400%;

US$600,000,000 million of 5-year notes with a coupon of 2.125%; and

US$900,000,000 million of 10-year notes with a coupon of 3.250%.

It is expected that the net proceeds of the offering will be used for general corporate purposes, which will include the repayment of certain outstanding debt. The issue is scheduled to close on 7 June 2012, subject to customary conditions.

It is expected that listing particulars in respect of the Notes will shortly be filed with the UK Listing Authority.

The Notes have not been, and will not be, registered under the Securities Act, or under the securities legislation of any states of the United States, and may not be offered or sold in the United Sates, other than pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The issuer of the Notes does not presently intend to make a public offer of securities in the United States or to register any securities under the Securities Act.

This announcement does not constitute or form part of any offer or any solicitation to purchase nor shall it, or the fact of its distribution, form the basis of, or be relied on in any purchase. This announcement and any subsequent offer of securities may be restricted by law in certain jurisdictions and persons receiving this announcement or any subsequent offer should inform themselves about and observe any such restriction. Failure to comply with such restrictions may violate securities laws of any such jurisdiction.

Enquiries

British American Tobacco Press Office 

Kate Matrunola/Jem Maidment:  [phone] (24 hours)

Investor Relations 

Mike Nightingale/Rachael Brierley/Maya Farhat: [phone]/1519/1977

British American Tobacco p.l.c.

Globe House

4 Temple Place

London WC2R 2PG

1 June 2012

 

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