British American Tobacco lights up the market with Eu1.28bn facility

  • 25 Apr 2008

UK tobacco group BAT is in the market with a Eu1.28bn loan, being arranged by Barclays Capital and JP Morgan.

The deal, which backs the borrower’s takeover of Turkish peer Tekel, is split between two 18 month term loans.

BAT is rated Baa1/BBB+/BBB+.

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1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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