Sainsbury’s 2006 CMBS repaid ahead of Asda merger

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Sainsbury’s 2006 CMBS repaid ahead of Asda merger

Asad Ali
April 30, 2018 06:45 PM
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File photo dated 03/05/16 of a man holding Sainsbury's bags, as the supermarket giant revealed sharply slowing sales growth and a 9\% fall in half-year profits after moves to keep prices low in the face of inflation and cost pressures. | Lauren Hurley/PA Wire/PA Images

Eddystone Finance plc, one of Sainsbury’s two pre-crisis sale leaseback securitizations, has been fully repaid according to a quarterly bond report published this month. The news comes as the grocery chain announces plans to merge with domestic competitor Asda.

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Asad Ali
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