Advertisement
UK markets close in 2 hours 24 minutes

  • FTSE 100

    8,116.48
    +37.62 (+0.47%)
     

  • FTSE 250

    19,790.77
    +188.79 (+0.96%)
     

  • AIM

    754.74
    +1.62 (+0.22%)
     

  • GBP/EUR

    1.1669
    +0.0013 (+0.11%)
     

  • GBP/USD

    1.2508
    -0.0003 (-0.03%)
     

  • Bitcoin GBP

    51,244.36
    +661.67 (+1.31%)
     

  • CMC Crypto 200

    1,387.64
    -8.89 (-0.64%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CRUDE OIL

    84.39
    +0.82 (+0.98%)
     

  • GOLD FUTURES

    2,355.30
    +12.80 (+0.55%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,056.38
    +139.10 (+0.78%)
     

  • CAC 40

    8,048.58
    +31.93 (+0.40%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

British American Tobacco to sell up to five-part dollar bond

Reuters - UK Focus

By Natalie Harrison

NEW YORK, June 10 (IFR) - British American Tobacco (LSE: BATS.L - news) , rated A3/A-/A-, is selling a US dollar bond that will have up to five tranches with maturities of three to 10 years.

The deal is connected to tobacco giant Reynolds American (NYSE: RAI - news) 's acquisition of Lorillard (NYSE: LO - news) , and follows a six-part US$9bn deal to finance that acquisition on Tuesday.

BATS is selling the debt in order to maintain a 42% shareholding in the enlarged Reynolds company after the deal.

Active bookrunners Deutsche Bank (Xetra: 514000 - news) , Citi, HSBC and JP Morgan plan to price the BATS bond today. (Reporting by Natalie Harrison and John Balassi; Editing by Marc Carnegie)