Lidl takes £500m loan in Asian-targeted deal
German supermarket chain Lidl has raised a £515m-equivalent loan from a consortium of Chinese and Taiwanese lenders for two of its European subsidiaries, in the company’s first outing in Asian capital markets.
The borrowers — Lidl Great Britain Ltd and Lidl Nederland GmbH — raised a five year unsecured dual currency loan, consisting of tranches of £386m ($502m) and $168m, according to a banker near the deal.
Industrial and Commercial Bank of China was co-ordinator, arranger and bookrunner.Senior lead arrangers were Agricultural Bank ...
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