Tesco targets cap stack revamp with tender

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Tesco targets cap stack revamp with tender

Owen Sanderson
April 23, 2019 04:00 PM
Tesco Bag
A shopper carrying Tesco bags. Tesco is currently the 8th most valuable British brand, according to analysts Brand Finance's directory. Picture date: Friday March 10, 2017. Photo credit should read: Matt Crossick/ EMPICS Entertainment. | Matt Crossick/Empics Entertainment

Tesco has launched a comprehensive liability management across eight bonds, to be funded by a new issue from its recently updated MTN shelf. The move comes as the UK-based supermarket group teeters on the verge of a full upgrade to investment grade status.

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