Japan Tobacco to Sell Bonds to Repay Debt for Its Purchase of Gallaher

(Bloomberg) -- Japan Tobacco Inc., the world's
third-biggest 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.

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


Read more at Bloomberg Bonds News