Lidl shops for second Asian loan
Lidl, the Germany-headquartered budget supermarket chain, has entered the syndicated loan market to raise cash from Asian lenders for a second time, according to market sources.
The borrowers, Lidl Great Britain Ltd and Lidl Nederland GmbH, are seeking sterling and euro syndicated loans, according to a source near the deal.
The borrower is looking for £200m-£300m-equivalent in a loan with an expected maturity of five years.
The syndicate will consist of Asian lenders....