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IN BRIEF: BAT subsidiaries raise bond buyback offer to GBP1.2 billion

Mon, 29th Apr 2024 13:38

British American Tobacco PLC - London-based maker of cigarettes and vapes - Says its subsidiaries BAT Capital Corp and BAT International Finance PLC have increased the maximum purchase price of bond they intend to buy back to GBP1.2 billion from GBP1 billion. The tender offers will expire on May 13, unless extended or earlier terminated. BAT has said this repurchase seeks to optimise its debt capital structure, with units using available liquidity to reduce debt.

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By Artwell Dlamini, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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