Tesco offers IG style bond to fund tenders

Victor Jimenez

October 16, 2018 03:45 pm

Tesco 230x — London, United Kingdom. 16th April 2014 -- Tesco Supermarket brand logo sign illuminated at night. -- UK supermarket giant Tesco announced a 6 per cent fall in annual group trading profits to GBP 3.3 billion for the second year running which is blamed on falling prices and competition from discount rivals Aldi and Lidl. UK Supermarket Tesco Profits Fall Again as Sales Slide UK Supermarket Tesco Profits Fall Again as Sales Slide | Amer Ghazzal / Demotix/Demotix/Press Association Images

High yield rated UK supermarket chain Tesco has launched a new bond with investment grade style features to fund tender offers for eight outstanding bonds, just days after a recent rating upgrade from Fitch Ratings.

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Victor Jimenez