British American Tobacco Prices Tender Offer For Debt Securities

(Alliance News) - London and Johannesburg-lasted British American Tobacco PLC said late Tuesday ...

Alliance News 7 October, 2020 | 6:36AM
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(Alliance News) - London and Johannesburg-lasted British American Tobacco PLC said late Tuesday it has priced its debt tender offers, under which it will purchase the debt securities issued by its own subsidiaries.

From BAT International Finance PLC, it will tender USD267.6 million from the USD500 million offered under the 3.500% notes due 2022, and USD481.4 million from USD900.0 million outstanding under the 3.250% notes due 2022.

British American Tobacco will also tender USD481.4 million of the USD900 million in 3.250% notes due 2022, and GBP102.9 million from the GBP250 million in 6.000% notes due 2022.

From BAT Capital Corp, the group will purchase USD1.65 billion from the USD2.25 billion offered under the 2.764% notes due 2022.

Finally from Reynolds American Inc, British American Tobacco is looking to tender USD90.2 million from the USD158.5 million in 3.250% notes due 2022, and EUR228.3 million from the EUR600 million offered under the 3.625% notes due 2021.

BofA Securities Inc, Deutsche Bank Securities Inc and Goldman Sachs & Co LLC are acting as dealer managers for the offer.

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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