BAT Subsidiary Lists €500m Guaranteed Notes on London Stock Exchange

British American Tobacco ( (GB:BATS) ) has issued an update.

B.A.T. International Finance, a financing subsidiary of British American Tobacco, has admitted to trading on the London Stock Exchange’s main market a €500 million issue of 3.375% guaranteed notes maturing in 2029. The notes form part of the group’s £25 billion Euro Medium Term Note programme, underscoring BAT’s continued reliance on capital markets to diversify funding sources and maintain financial flexibility for its global operations.

The securities are guaranteed by British American Tobacco and certain related issuers of senior notes, reflecting the parent group’s support for the issuance structure. By accessing the London market under an established prospectus framework, the company reinforces its presence in European debt markets, which may influence its funding costs and offers institutional investors additional exposure to BAT’s credit profile.

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 company whose operations include financing activities conducted through subsidiaries such as B.A.T. International Finance. The group routinely taps international debt capital markets, including via a large Euro Medium Term Note programme, to support its broader corporate funding and operational needs.

Average Trading Volume: 4,633,804

Technical Sentiment Signal: Strong Buy

Current Market Cap: £92.32B

Learn more about BATS stock on TipRanks’ Stock Analysis page.