British American Tobacco Sets Pricing On Euro Benchmark Bond

British American Tobacco PLC (BATS.LN) has set pricing on it euro-denominated, benchmark-sized bond in the area of 125 basis points over midswaps, one of the banks arranging the deal said Wednesday.
Citigroup Inc. Barclays PLC, ING Groep N.V., and Royal Bank of Scotland Group PLC are lead managers of the deal, which is expected to launch later in the day, subject to market conditions.
Ratings are Baa1 from Moody's Investors Service Inc. and BBB+ from Standard & Poor's.

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