Japan Tobacco to Sell $1.2 Billion in Bonds to Help Fund Gallaher Purchase

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

Tokyo-based Japan Tobacco hired Daiwa Securities SMBC Co.
and Nomura Holdings Inc. to handle the sale, said Yukiko Seto, a
spokeswoman for Japan Tobacco. The company is aiming to price
the bonds this month, Seto said in a telephone interview.


Read more at Bloomberg Bonds News