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LevFinLevFin High Yield Bonds

Asda makes sterling statement with £8bn+ orders for LBO bonds

asda from company 575 375

Asda has definitively demonstrated the sterling high yield market’s capacity to do size, garnering more than £8bn of orders across the two tranches of its buy-out financing. Investors bemoaning their likely miserable allocations, however, may find some cold comfort in a refi issue from fellow UK supermarket Iceland, announced on Wednesday.

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