Tuesday, July 17, 2007

Japan Tobacco Sells 150 Billion Yen of Bonds to Pay for Gallaher Purchase

(Bloomberg) -- Japan Tobacco Inc., the world's
third-largest traded cigarette maker, raised 150 billion yen
($1.2 billion) selling bonds to repay debt for the purchase of
Gallaher Group Plc.

The Tokyo-based company sold 50 billion yen of bonds
maturing in three years to yield 16 basis points more than
Japanese government debt with similar maturity, according to a
banker at Nomura Holdings Inc., who asked not to be identified
before an announcement.


Read more at Bloomberg Bonds News

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