Barclays launches long-awaited Asda package

Left lead Barclays has launched the first part of the buyout debt to fund the Issa brothers and TDR Capital’s takeover of UK supermarket chain Asda, an €840m loan. The bulk of the £3.5bn debt stack will follow in bond format, with £2.25bn of senior secured notes and £500m of unsecured on offer.

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