BAT Announces Bond Tender Offer Results

25th Jun 2010 09:52

LONDON (Dow Jones)--British American Tobacco PLC (BATS.LN) said Friday it will buy back EUR470 million of its 4.375% bond due 2011 and EUR429 million of its 3.625% bond due 2012 following the completion of its bond tender offer. It also plans to sell a new two-part, euro- and sterling-denominated bond issue, it added. The company said it made a cash offer via join dealer managers BNP Paribas SA, Deutsche Bank AG, HSBC Holdings PLC, JPMorgan Chase & Co. and Lloyds TSB Bank PLC. -By Art Patnaude and Ainsley Thomson, Dow Jones Newswires; +44 (0) 207 842 9259; [email protected] (Mike Wilson contributed to this report) (END) Dow Jones Newswires June 25, 2010 04:52 ET (08:52 GMT)