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Tesco Renminbi bond issuance

US$113.00 m
  • Entry date - Wednesday, 16 November 2011
  • Jurisdiction - China
  • Practice - Debt Market
  • Tesco Renminbi bond issuance

  • Firm
    Allen & Overy
  • Client
    Tesco
  • Lead Lawyers
    Jane Jiang, Walter Son
  • Role
    International counsel to issuer
  • Firm
    Linklaters
  • Client
    Joint Lead Managers
  • Lead Lawyers
    Andrew Malcolm
  • Role
    International counsel to joint lead managers


DEAL SUMMARY
·         Dim sum bond issuance on the Hong Kong Stock Exchange by British supermarket chain operator, Tesco

·         Issuer plans to use proceeds to fund China operations

·         Unique feature of the bonds; they carried added market approval, an A- credit rating by Standard & Poors Ratings


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