Buyers flock to Morrisons for £400m bond close to Tesco curve

Wm Morrison Supermarkets, the UK food retailer, priced a £400m 12 year bond today, finding strong demand from investors who have not had a chance to buy a new public issue from the company since 2002.

  • 01 Dec 2011
“It’s a rare name, and people like the UK food retailers,” said the banker. “Coop went well earlier this year, and Tesco hasn’t issued in sterling for ages. Morrisons is a well run company that’s getting good results, and it wants to increase its profile in the debt ...

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5 Citi 20,539.24 87 5.55%