British American Tobacco PLC (BATSLN)

No results found for "".

British American Tobacco PLC (BATSLN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	CONS	PRCD	BATSLN	British American Tobacco PLC	€2,000		2	EMEA	Sep 22, 2021

Tranche #1British American Tobacco PLC

currency

EUR

size (m)

1,000.000

maturity

type

Fixed

tenor

call

registration

Reg S Only

benchmark

Swaps

ranking

moody's

Ba1

s&p

BBB-

fitch

size description

re-open/tap

ipt

3.375% a

ipt-pxd

guidance

3.125-3.25%

spread

337.2

coupon

spread set

price

99.41200

yield

3.125%

book size (m)

1,550

peak book (m)

x-covered

1.55

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,550

peak book (m)

x-covered

1.55

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2British American Tobacco PLC

currency

EUR

size (m)

1,000.000

maturity

type

Fixed

tenor

call

registration

Reg S Only

benchmark

Swaps

ranking

moody's

Ba1

s&p

BBB-

fitch

size description

re-open/tap

ipt

4.125% a

ipt-pxd

guidance

4% a

spread

395.2

coupon

3.75%

spread set

price

99.15400

yield

3.875%

book size (m)

2,400

peak book (m)

x-covered

2.4

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

2,400

peak book (m)

x-covered

2.4

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

P NC 5.25: Book size: 1550; Redemption: 2026-09-27; Registration: Reg S Only; Comments: EUR1bn PNC5.25yr RegS hybrid. With PNC8yr, exp 2bn total. Ba1/BBB-. GCs/struc BofA/DB(B&D), JBs Citi/Santan. F/B 3%/low3%s, IPTs 3.375% area, guidance 3.125%/3.25%, launch 1bn at 3.125% (3% cpn), bk >1.55bn, peak >1.8bn. 3mPC. Initial MS+337.2bp / DBR 0 08/15/26 +378.3bp (@ 103.28) . No step reset. LEI: 213800FKA5MF17RJKT63. Distribution: UK/Ire 45%, Ger/Aus/Switz 26%, S.Eur 18%, Asia 7%, Fr 1%, Other 3%. FM 83%, Bks 8%, HF 5%, Ins/PF 4%; P NC 8: Book size: 2400; Redemption: 2029-06-27; Registration: Reg S Only; Comments: EUR1bn PNC8yr RegS hybrid. With PNC5.25y, total exp 2bn. Ba1/BBB-. GCs/struc BofA/DB(B&D), JBs Citi/Santan. F/B & hi3%s/4%, IPTs 4.125% area, guidance 4% area, launch 1bn at 3.875%. Bk >2.4bn, peak >2.6bn. 3mPC. Initial MS+395.2bp / DBR 0 08/15/29 +435.1bp (@ 103.83). LEI: 213800FKA5MF17RJKT63. Distribution: UK/Ire 47%, Ger/Aus/Switz 28%, S.Eur 15%, Fr 5%, Asia 3%, Other 2%. FM 79%, Bks 9%, Ins/PF 7%, HF 5%;

Deal Comments

Hybrid Bond

Hide Details

Explore all other Commentary & Deal Flow

Asset Backed Securities

sector/subsector profiles

High Yield

industry/subindustry profiles

Investment Grade

industry/subindustry profiles

British American Tobacco PLC (BATSLN)

Deal Details

Commentary

Deal Flow