Asda buyers’ junk bond sale raises £2.75bn for deal

Issa brothers

Asda buyers the Issa brothers and their private equity partners have raised a record sterling junk bond to fund the acquisition.

The bond is at the heart of a raft of debt arrangements and asset disposals to fund the £6.8bn takeover of Asda, which is the biggest leveraged buyout in more than 10 years.

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