JT Extends Guarantee on Gallaher Bonds

Source from:  tr.itsmyiq.com Sep 12, 2007 09/13/2007

Japan Tobacco Inc said yesterday that it had extended a guarantee to the five outstanding Gallaher Group bonds denominated in Euro and Sterling. 'The guarantee is effective immediately and is terminable at JT's option with 60 days notice,' the company said in a note posted on its website. 'The bonds benefiting from this guarantee are: EUR375m 5.875% due 2008 (ISIN XS0089315930); STG300m 6.625% due 2009 (ISIN XS0097233075); EUR800m 4.625% due 2011 (ISIN XS0193805214); STG250m 5.75% due 2013 (ISIN XS0161361828); and EUR500m 4.50% due 2014 (ISIN XS0269190533). 'This guarantee has been extended to show the support of JT for the Gallaher obligations and is part of the ongoing integration process of Gallaher into the JT Group following the completion of the acquisition on April 18, 2007.' Enditem