BAT Announces £1 Billion Bond Repurchase

BAT by 2FIRSTS.ai

Apr.16.2024

BAT Announces £1 Billion Bond Repurchase

BAT Subsidiaries Begin £1 Billion Bond Repurchase, Aiming to Optimize Debt Structure and Lower Interest Payments.

According to Alliance News in a report from 2024, British American Tobacco PLC announced that its subsidiaries BAT Capital Corp and BAT International Finance PLC have started a bond repurchase program totaling £1 billion. The public tender offer is set to expire on May 13th, barring any extension or early termination. The company stated that the buyback initiative is aimed at optimizing its debt capital structure, utilizing existing cash flow to reduce debt.

References:

[1] Les unités BAT commencent à racheter des obligations pour un montant pouvant atteindre 1 milliard de livres sterling

Also Read:

[1] BAT Japan to Increase Non-combustible Tobacco Users to 50 Million by 2030

[2] BAT Extends Partnership with McLaren F1 Team, Unveiling MCL38 Design by Japanese Artist

[3] BAT's Strategy in Capital Markets and New Tobacco Products

[4] BAT Urges Stricter Regulations for E-cigarettes in the UK

#Europe #Traditional tobacco #United Kingdom #Market #Major companies

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn

Notice

1. This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2. The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3. This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4. Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

Copyright

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

AI Assistance Disclaimer

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

AIRSCREAM Unlocks Pan-European Nicotine Pouch Market for B2B Partners with Full-Service EU OEM Solutions

Showcased at PouchEx Stockholm, AIRSCREAM’s end-to-end OEM ecosystem demonstrates how brands can enter the fast-growing European nicotine pouch market with greater speed, confidence, and regulatory readiness.

Dec.04

PMI Launches IQOS ILUMA i in the Philippines, Debuts via Official Stores and Online Channels

PMFTC, the Philippine affiliate of Philip Morris International (PMI), has introduced the heated tobacco device IQOS ILUMA i in the Philippines, featuring induction-heating technology and multiple smart functions. PMI aims to increase the share of smoke-free products to around 66% of its net revenues by 2030. Previously, PMFTC had already launched ZYN nicotine pouch products in Manila.

Nov.25 by 2FIRSTS.ai

RELX Launches Guide Dog Partner Program in China, Delivers First 10 Trained Dogs

RLX Technology has launched a RMB 4 million guide dog program in China, delivering the first 10 trained dogs as its RELX brand expands social responsibility efforts amid a nationwide shortage.

Nov.14

Dagestan Proposes Pilot Ban on E-Cigarette Sales, Submits Request to State Duma

The head of Russia’s Republic of Dagestan has proposed a region-wide ban on the retail sale of e-cigarettes and has written to the State Duma seeking to designate Dagestan as a pilot region for a comprehensive e-cigarette sales ban.