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British American Tobacco Unit Prices Offering of $1.5 Billion Notes

MT Newswires·08/04/2026 10:35:22
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10:35 AM EDT, 08/04/2026 (MT Newswires) -- British American Tobacco's (BATS.L) subsidiary BAT Capital priced a $1.5 billion guaranteed debt securities offering, with closing of the issue expected Wednesday. The London-listed tobacco company said Tuesday the offering comprises $750 million of 5.300% notes due 2033 and $750 million of 5.550% notes due 2036. The net proceeds will be used for general corporate purposes, including the potential repayment of existing debt.