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Imperial Tobacco announces four-part M&A bond

Reuters - UK Focus

By John Balassi

NEW YORK, July 15 (IFR) - Imperial Tobacco (LSE: IMT.L - news) announced a four-part US dollar-denominated acquisition bond on Wednesday to finance its purchase of cigarette brands from Reynolds American (NYSE: RAI - news) .

The bond includes maturities of three, five, seven and 10 years and is expected to price later in the day via Bank of America Merrill Lynch, BNP Paribas (Xetra: 887771 - news) , HSBC and Mizuho. (Reporting by John Balassi; Editing by Natalie Harrison and Marc Carnegie)