Asda delays debt until next decade as it completes £3bn refinancing deal
Asda has completed a refinancing of £3.2bn of its debt, which the supermarket said will push the “majority of its maturities into the next decade”.
The deal included the biggest sterling high-yield bond this year as well as the second-largest sterling bond in the European leveraged finance market – only behind Asda’s first £2.25bn sterling bond tranche in 2021.
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