BAT Publishes Final Terms for €500 Million 2029 Note Issue

British American Tobacco ( (GB:BATS) ) just unveiled an announcement.

British American Tobacco has published the final terms for a €500 million 3.375% guaranteed note issue due 2029 under its £25 billion Euro Medium Term Note Programme, through B.A.T. International Finance. The documentation, which sets the definitive conditions for the new notes, has been filed with the U.K. National Storage Mechanism and made available online, underscoring the group’s continued access to and use of the debt capital markets for funding.

The filing signals ongoing utilisation of the company’s sizeable EMTN framework, supporting balance sheet flexibility and long-term funding needs. The availability of the final terms through regulatory and exchange platforms provides transparency for bond investors and other stakeholders evaluating British American Tobacco’s credit profile and financing strategy.

The most recent analyst rating on (GB:BATS) stock is a Buy with a £4900.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Spark’s Take on BATS Stock

According to Spark, TipRanks’ AI Analyst, BATS is a Outperform.

The score is driven primarily by solid-but-not-clean financial performance (profitability strength offset by leverage and a notable 2025 cash-flow decline). Valuation is supportive due to the high dividend yield and moderate P/E, while technicals are broadly neutral. Earnings-call guidance and capital-return plans help, but are tempered by vapor/illicit pressures and regional weakness.

To see Spark’s full report on BATS stock, click here.

More about British American Tobacco

British American Tobacco is a global tobacco and nicotine products company, operating across multiple markets through entities such as B.A.T. International Finance, B.A.T. Netherlands Finance, and B.A.T. Capital Corporation. It regularly uses capital markets programmes, including a large Euro Medium Term Note Programme, to raise financing for its corporate activities.

Average Trading Volume: 4,669,783

Technical Sentiment Signal: Strong Buy

Current Market Cap: £94.98B

See more data about BATS stock on TipRanks’ Stock Analysis page.