Morrisons raises private placement amid share buybacks
Wm Morrison Supermarkets, the UK’s fourth largest grocery retailer, has priced a privately placed bond.
The company declined to comment, as the deal has not yet been settled.
Morrisons' subsidiary Safeway Ltd has previously issued public bonds, guaranteed by Wm Morrison. It is rated A3 by Moodys, with a stable outlook.
Moodys affirmed the rating in April, saying that Morrisons had reiterated its commitment to
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