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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
CONS
PRCD
BATSLN
British American Tobacco PLC-
4EMEA
Aug 9, 2017
currency
EUR
size (m)
1,100.000
maturity
Aug 16, 2021
type
Floating
tenor
4.000
call
-
registration
Reg S Only
benchmark
3mEu
ranking
Sr. Unsecured
moody's
Baa2
s&p
BBB+
fitch
-
size description
-
re-open/tap
No
ipt
3mE+65 a
ipt-pxd
-
guidance
3mEu+50
spread
50
coupon
3mEu+50
spread set
-
price
100.00000
yield
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
currency
EUR
size (m)
750.000
maturity
Nov 16, 2023
type
Fixed
tenor
6.250
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Baa2
s&p
BBB+
fitch
-
size description
-
re-open/tap
No
ipt
MS+90 a
ipt-pxd
-
guidance
MS+75-80
spread
75
coupon
1.125%
spread set
-
price
99.92300
yield
1.138%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
currency
GBP
size (m)
450.000
maturity
Aug 15, 2025
type
Fixed
tenor
8.000
call
-
registration
Reg S Only
benchmark
G
ranking
Sr. Unsecured
moody's
Baa2
s&p
BBB+
fitch
-
size description
-
re-open/tap
No
ipt
G+150-155
ipt-pxd
-
guidance
G+145
spread
143
coupon
1.125%
spread set
-
price
99.41900
yield
2.193%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
currency
EUR
size (m)
1,250.000
maturity
Aug 16, 2029
type
Fixed
tenor
12.500
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Baa2
s&p
BBB+
fitch
-
size description
-
re-open/tap
No
ipt
MS+130 a
ipt-pxd
-
guidance
MS+120
spread
120
coupon
2.25%
spread set
-
price
99.74900
yield
2.274%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
4 yr: Registration: Reg S Only; Comments: EUR1.1bn 4yr FRN bmk, snr unsec RegS. Baa2/BBB+. DB(B&D)/ING/NatWest/SCH/SG. IPTs 3mE+65 area (no floor), guide 3mE+50 (the #) cpn/DM at par. Bk 2.4bn. 6.25yr/12.5yr/ 8yr fxd. Did $17.25bn Tues after r/s+calls Aug 7-8. Baa2/BBB+.; 6.25 yr: Registration: Reg S Only; Comments: EUR750m 6.25yr bmk snr unsec RegS. Baa2/BBB+. DB(B&D)/ING/NatWest/SCH/SG. IPTs MS+90 area, guidance MS+75/80 WPIR, set MS+75. Bks 3.4bn. +EUR 4yr FRN/12.5yr fixed, GBP 8yr fxd/ US$17.25bn Tues. r/s+calls Aug 7-8. Baa2/BBB+. Bund 2% 8/23+129.8@113.06, 2mPC; 8 yr: Registration: Reg S Only; Comments: GBP450m 8yr bmk of EUR/GBP 4-13yr RegS, did $17.25bn on Tues. IPTs G+150/155, guide G+145 (+/-2 WPIR), launched 450m at G+143 on bks 1.2bn. Gilt 131.1 mid/HR85%. 2mPC. Had r/s+calls Aug 7-8. Baa2/BBB+. DB/ING/NatWest(B&D)/Santan/SG. UOP acq Reynolds, refi $20bn loans.; 12.5 yr: Registration: Reg S Only; Comments: EUR1.25bn 12.5yr bmk snr unsec RegS. Baa2/BBB+. DB(B&D)/ING/NatWest/SCH/SG. IPTs MS+130 area. guide MS+120 (the #). Bks 2.6bn. EUR 4yr FRN/6.25yr/12.5yr fxd, GBP 8yr fxd. Did $17.25bn Tues after r/s+calls Aug 7-8. Baa2/BBB+. Bund 6.25% 1/30+172 @168.081/HR65%. 3mPC;
Deal Comments
Joint Bookrunners: SNT, ING, SOC, NTW(B&D) (6.25yr), DEU(B&D) (4yr,8yr,12.5yr)
Guarantor(s)
British American Tobacco plc, BAT Capital Corp, BAT International Finance plc, BAT Netherlands Finance BV, British American Tobacco Holdings (The Netherlands) BV, Reynolds American Inc

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