IN BRIEF: BAT units start buying back bonds worth up to GBP1 billion
British American Tobacco PLC - London-based maker of cigarettes and vapes - Says its subsidiaries BAT Capital Corp and BAT International Finance PLC have started to buy back bonds to the tune of up to a combined GBP1 billion. Says the tender offers will expire on May 13, unless extended or earlier terminated. Says this repurchase seeks to optimise its debt capital structure, with units using available liquidity to reduce debt. Read More