Tesco, the largest UK supermarket chain, began roadshowing a £1 billion-equivalent transaction last month, at a time when the debt capital markets were still smarting from the summer volatility. Analysts expect Tesco to have an easy time tapping the market despite widespread shelving of deals elsewhere.

The majority of the issue, lead managed by bookrunners Schroder Salomon Smith Barney, Deutsche Bank, HSBC and Royal Bank of Scotland, is expected to be in euros in the seven- to 10-year sector

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: