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Japan Tobacco Dual Tranche Update

EUROZONE ISSUANCE
  • 60.5NC5.5 guidance: 2.625%+/-0.125% tranche size 500mm (maturity April 2081)
  • 63NC8.25 guidance: 3.125%+/-0.125% tranche size 500mm (maturity Oct 2083)
  • Combined books > EUR5bn (pre-rec) with a slight skew to the NC8.25
  • Books subject at 12.00 UKT / 13.00 CET
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