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British American Tobacco in $2bn US bond issue

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British American Tobacco in $2bn US bond issue

B.A.T. International Finance has successfully priced a US dollar denominated issue of notes raising proceeds of approximately $2bn.

The notes will be issued by B.A.T. International Finance and guaranteed by British American Tobacco p.l.c. and British American Tobacco Holdings (The Netherlands).

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.

At 9:57am:

(LON:BATS) British American Tobacco share price was -10.5p at 3048p

Story provided by StockMarketWire.com

01/06/2012