BAT to Raise $1.8 Billion From Sale of Bonds in Euros and Pounds

Source from:  Bloomberg 11/16/2009

British American Tobacco Plc is selling $1.8 billion of bonds in euros and pounds, according to bankers involved in the transaction. The company is selling 650 million euros of bonds due February 2021 that will be priced to yield 135 basis points more than the benchmark mid-swap rate, the bankers said. The company is also selling 500 million pounds of 25-year bonds that will be priced to yield 185 basis points over U.K. gilts, the bankers said. Enditem