Tesco and Stryker find warm welcome

FullPower_Adobe_230x150
By Mike Turner
26 Nov 2019

Tesco, the UK supermarket chain, and US medical equipment firm Stryker sailed through the European bond market on Monday. Both issuers benefitted strongly from having picked the right moment to launch.

Tesco was rewarded for its timing on Monday. It came to the market soon after being upgraded to investment grade by S&P, and priced a €750m May 2026 bond inside its curve.

The deal came at mid-swaps plus 110bp. This was around 5bp inside the curve, according to a ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.