Asda faces £30m rise in debt costs as bosses grilled by MPs
Asda could have to pay increased interest payments of £30m from February as owners Mohsin and Zuber Issa’s loans become due.
The billionaire brothers took out loans to pay for the £6.8bn purchase of the supermarket and have faced an increase in borrowing costs over the last 18 months.
Mohsin Issa told MPs on the business and trade select committee that Asda is financially stable and gives “confidence that it is run properly”.
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