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British American Tobacco PLC - London-based maker of cigarettes and vapes - Prices an offering of $1.70 billion guaranteed bonds. These issues consist of $850.0 million 5.834% notes due 2031, and $850.0 million 6.000% notes due 2034. Says its subsidiary BAT Capital Corp is issuing these notes. Says notes will be fully and unconditionally guaranteed by the group. The issuance of the notes is expected to close on Tuesday next week, subject to customary closing conditions. BAT intends to use the net proceeds of the offering of the notes for general corporate purposes, including the potential repayment of existing indebtedness. Current stock price in London: 2,411.00 pence, down 0.5% on Friday 12-month change: down 23% Current stock price in Johannesburg: R 572.90, down 0.9% 12-month change: down 16% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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