British American Tobacco Sets Pricing on 10-Year Euro Bond

Source from:  Fox Business  11/13/2012

British American Tobacco PLC (BAT) has set pricing on its senior unsecured benchmark 10-year euro bond in the range of 80 to 85 basis points over the reference midswaps rate, one of the banks running the deal said Monday.

BNP Paribas, Lloyds bank, Santander, and Societe Generale are the lead managers of the deal, which is expected to price later Monday.

The issuer is rated Baa1 by Moody's Investors Service Inc., A- by Standard and Poor's Corp., and A- by Fitch Ratings. Enditem