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Deals of the month - British American Tobacco

British American Tobacco has returned to the euro market with a joint euro and sterling transaction, against a backdrop of volatile market conditions. The deal consists of a EUR1.25 million seven-year euro tranch coupled with a £500 million 16-year sterling issue. The euro books were jointly run by Barclays Capital, Royal Bank of Scotland and Societe Generale, while the sterling deal was led by

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