Tesco, the supermarket group, is to raise £950m ($1.4bn) from issuing bonds against 41 of its supermarkets in the largest form of securitized debt raising since the downturn in property and debt markets began three years ago. This marks the first UK commercial mortgage-backed security transaction this year in a further sign that capital markets are more readily accepting forms of real-estate debt after the shocks of the past recession.
0 minute readTesco issue signals returning appetite for UK mortgage bonds
June 30, 2010, 12:54pm
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
