US Bond Issue

    RNS Number : 2676I
  BAT International Finance PLC
  17 November 2008
   

    US Bond Issue
    B.A.T. International Finance p.l.c. announces that it has successfully priced a US Dollar denominated issue of notes (the "Notes"),
raising net proceeds of approximately US$986.8 million.
    The Notes will be issued by B.A.T. International Finance p.l.c., guaranteed by British American Tobacco p.l.c. and British American
Tobacco Holdings (The Netherlands) B.V., pursuant to Rule 144A and Reg S under the U.S. Securities Act of 1993, as amended (the "Securities
Act"), in two tranches:
    *     US$300 million of 5-year notes due 2013 with a coupon of 8.125%; and
    *     US$700 million of 10-year notes due 2018 with a coupon of 9.500%.
    The net proceeds of the offering will be used for general corporate purposes, which will include the repayment of certain outstanding
debt. The issue is scheduled to close on 21 November 2008, subject to customary conditions.
    It is expected that listing particulars in respect of the Notes will shortly be filed with the UK Listing Authority.
    The Notes have not been, and will not be, registered under the Securities Act, or under the securities legislation of any states of the
United States, and may not be offered or sold in the United Sates, other than pursuant to an exemption from, or in a transaction not subject
to, the registration requirements of the Securities Act. The issuer of the Notes does not presently intend to make a public offer of
securities in the United States or to register any securities under the Securities Act.
    This announcement does not constitute or form part of any offer or any solicitation to purchase nor shall it, or the fact of its
distribution, form the basis of, or be relied on in any purchase. This announcement and any subsequent offer of securities may be restricted
by law in certain jurisdictions and persons receiving this announcement or any subsequent offer should inform themselves about and observe
any such restriction. Failure to comply with such restrictions may violate securities laws of any such jurisdiction.
    Stabilisation/FSA
    For further information, please contact:
    For media enquiries please contact:
British American Tobacco Press Office
    David Betteridge or Kate Matrunola: [phone] (24 hours)
    For Investor Relations enquiries please contact:
Ralph Edmondson or Rachael Brierley: [phone]

    Name of duly authorised officer of issuer responsible for making notification:  

    G C W Cunnington
    Deputy Secretary
    020 7845 1925


    17 November 2008

This information is provided by RNS
The company news service from the London Stock Exchange
 
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