Tesco goes long again with rare 40-year euro bond

UK-based supermarket chain Tesco has returned to the "long-end" of the bond market some four weeks after it attracted healthy demand from investors for its novel 50-year sterling bond.

The new 40-year deal, worth €600m ($800m), was priced on Friday by lead arranging banks in one of the rarest euro denominated deals from the corporate sector.

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