| Mon 17 Nov 2008, 11:45 | | BTI - British American Tobacco p.l.c. - US Bond Issue |
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BTI
BTI
BTI - British American Tobacco p.l.c. - US Bond Issue
British American Tobacco p.l.c.
Incorporated in England and Wales
(Registration number: 03407696)
Short name: BATS
Share code: BTI
ISIN number: GB0002875804
("British American Tobacco p.l.c." or "the Company")
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 net proceeds of
approximately US$986.8 million.
The Notes will be issued by B.A.T. International Finance p.l.c., guaranteed by
British American Tobacco p.l.c. and British American Tobacco Holdings (The
Netherlands) B.V., pursuant to Rule 144A and Reg S under the U.S. Securities Act
of 1993, as amended (the "Securities Act"), in two tranches:
- US$300 million of 5-year notes due 2013 with a coupon of 8.125%; and
- US$700 million of 10-year notes due 2018 with a coupon of 9.500%.
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 21 November 2008, 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.
Stabilisation/FSA
For further information, please contact:
For media enquiries please contact:
British American Tobacco Press Office
David Betteridge or Kate Matrunola: +44 (0) 20 7845 2888 (24 hours)
For Investor Relations enquiries please contact:
Ralph Edmondson or Rachael Brierley: +44 (0) 20 7845 1000
17 November 2008
Sponsor: UBS South Africa (Pty) Ltd
Date: 17/11/2008 11:45:08 Produced by the JSE SENS Department.
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