British American Tobacco PLC $BATS (+3,96%) has published a prospectus for a new £25 billion Euro Medium Term Note (EMTN) program. The program, dated 13 March 2025, comprises B.A.T. International Finance p.l.c., B.A.T Capital Corporation and B.A.T. Netherlands Finance B.V. as issuers, with BAT itself acting as guarantor alongside the issuers.
The prospectus has been approved by the Financial Conduct Authority (FCA) and is now available for public inspection. It sets out the terms of the EMTN program, under which issuers can issue up to £25 billion of notes. The full scheme documents will shortly be available on the National Storage Mechanism, which can be accessed via the FCA's website.
This financial move by BAT is significant as it represents a major issuance under the EMTN program. However, the information contained in the prospectus is specifically aimed at residents of certain countries. The Company cautions that persons outside such jurisdictions or persons to whom the Offer is not directed should not rely on the Prospectus.
Investors and interested parties can find the prospectus and the documents incorporated by reference via the links provided in the announcement. As with any financial document, prospective investors are advised to review the Prospectus carefully to understand the terms and risks associated with the EMTN Program.
This financial move by BAT is significant as it represents a major issuance under the EMTN Program. However, the information contained in the Prospectus is aimed specifically at residents of certain countries. The Company cautions that persons outside such jurisdictions or persons to whom the Offer is not directed should not rely on the Prospectus.
Investors and interested parties can find the prospectus and the documents incorporated by reference via the links provided in the announcement. As with any financial document, prospective investors are advised to review the Prospectus carefully to understand the terms and risks associated with the EMTN Program.
BAT has made it clear that access to this financial service is subject to compliance with the terms and conditions set out in the disclaimer, which emphasizes the targeted nature of the information.
The company has made its press office and investor relations contacts available for inquiries, reflecting its commitment to transparency and communication with stakeholders.