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Tesco (UK)

1919

Public

Status: Repaid

BACK TO MARKET


Amount

£300,000,000

Current Yield

4.8%

*
Estimated Yield to Maturity

4.8%

**
Maturity Date

24 Mar 2042

Interest Payment Frequency

12m

Next interest payment

24 Mar 2019

Asset Security

Unsecured, guarantees from parent

Industry Type

Food retail

Next Call

-

ISIN

XS0248395245


Business Description

Tesco PLC is a British multinational grocery and general merchandise retailer with headquarters in Welwyn Garden City, Hertfordshire, England, United Kingdom. It is the largest grocery retailer in the UK (with a 27.5% market share according to Kantar May 2017) and is one of the largest retailers in the world. It has stores in 12 countries across Asia and Europe. Originally a UK grocery retailer, Tesco has diversified geographically since the early 1990s and into areas such as the retailing of books, clothing, electronics, furniture, toys, petrol and software; financial services; telecoms and internet services. Tesco is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

* The coupon divided by the price. Where the coupon is partly dependent on Libor it uses market based Libor forecasts at each coupon date over the next 12 months.
** The estimated yield from holding a bond to maturity including interest and capital repayment and assuming interest is re-invested at the same yield. Please note this calculation may be adversely affected by features in bond such as calls or prepayments. Where the coupon is partly dependent on Libor it uses market based forecasts of Libor until the maturity date.
Please note that the current yield and yield to maturity are an estimated return calculation and not guaranteed. All yields shown are gross of taxation and our Service Fee.

Status: Repaid


Notes:

The company currently has no outstanding notes.

Capital at risk. No FSCS cover. See Risk Statement.

 

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