By Andrea Heisinger
New York, March 20 - British American Tobacco International Finance plc reopened its issue of 1.125% notes due in March 29, 2016 (A3/A-/A-) to add $300 million, a market source said.
Pricing was at 99.695 for a spread of mid-swaps plus 70 basis points.
Bookrunners were Barclays, Deutsche Bank Securities Inc. and HSBC Securities (USA) Inc.
The notes are guaranteed by British American Tobacco plc and British American Tobacco Holdings (the Netherlands) BV.
BAT International was last in the U.S. bond market with a $2 billion sale of notes in three tranches on May 31, 2012.
The financing subsidiary of multinational tobacco company British American Tobacco plc is based in London.
| Issuer: | British American Tobacco International Finance plc
|
| Guarantors: | British American Tobacco plc and British American Tobacco Holdings (the Netherlands) BV
|
| Issue: | Notes
|
| Amount: | $300 million, reopened
|
| Maturity: | March 29, 2016
|
| Bookrunners: | Barclays, Deutsche Bank Securities Inc., HSBC Securities (USA) Inc.
|
| Coupon: | 1.125%
|
| Price: | 99.695
|
| Spread: | Mid-swaps plus 70 bps
|
| Trade date: | March 20
|
| Settlement date: | March 25
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A-
|
| Fitch: A-
|
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