British American Tobacco Plans 2-Part Euro, Sterling Bond

25th Jun 2010 09:28

LONDON (Dow Jones)--British American Tobacco (BATS.LN) plans to sell a new two-part, euro- and sterling-denominated bond issue, one of the lead managing banks of the deal said Friday. The issue, which follows the completion of a recent tender offer by BAT, will comprise a EUR600 million, 10-year bond and a GBP275 million 30-year bond. The issuer is rated Baa1 by Moody's Investors Service Inc. and BBB+ by Standard & Poor's Corp. and Fitch Ratings. -By Michael Wilson, Dow Jones Newswires; 44 20 7842 9349, [email protected] (END) Dow Jones Newswires June 25, 2010 04:28 ET (08:28 GMT)