British American Tobacco plant die Emission einer weiteren Benchmark-Anleihe in zwei Tranchen (Euro und GBP). Bei der Euro-Tranche wird ein Spread von 140 bp zum Mid Swap erwartet
Issuer: B.A.T. International Finance p.l.c.
Guarantors: British American Tobacco p.l.c., B.A.T Capital Corporation, British American Tobacco Holdings (The Netherlands) B.V.
Ratings: Baa1/BBB+ / BBB+ all stable
Maturity: 24 Feb 2021 (long 11 yrs) / 24 Nov 2034 (25 yrs)
Settle: 24 Nov 2009 / 24 Nov 2009
Size: €€ benchmark / ££ benchmark
Coupon: Fixed / Fixed
Guidance: ms+140 area / g+190 area (vs UKT 4.25% 32) (+/- 5bp for both, both will price in the range)
Active: Barclays / BNP Paribas / RBS / SG CIB
Docs: EMTN / Lon listing / 50k+1k
Timing: Books open now, today's business
