| Fri 1 Jun 2012, 10:59 | | 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 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.
1 June 2012
Sponsor: UBS South Africa (Pty) Ltd
Date: 01/06/2012 10:59:02 Produced by the JSE SENS Department.
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