Imperial Tobacco Canada Completes Inaugural Eurobond Offerings

On November 13, 2001, Imperial Tobacco Canada Limited (the issuer) completed a two-tranche offering consisting of €500 million 5.125 per cent notes due 2006, and £217 million 6.50 per cent notes due 2008 listed on the Luxembourg Stock Exchange. Both tranches were guaranteed by British American Tobacco (the guarantor).

The issuer and guarantor were represented by Frank Picciola and Peter Noble of Ogilvy Renault in London, and Renaud Coulombe and Jules Charette (tax) in Montreal. Michael Dodson of Simmons & Simmons, and Richard Williams, in-house counsel, British American Tobacco, advised the issuer and guarantor as to English law.

The lead managers for the notes were ABN AMRO Bank N.V. and Morgan Stanley & Co. International Limited, with a team that included Credit Suisse First Boston (Europe) Limited, Goldman Sachs International, HSBC Bank, Merrill Lynch International, Salomon Brothers International Limited and UBS AG, acting through its business group UBS Warburg Ltd. Jeremy Stoupas and Simon Hill of Allen & Overy represented the managers and the trustee.


Frank L. Picciola Jeremy Stoupas Peter S. Noble Michael Dodson Jules Charette Renaud Coulombe