- Tesco has announced the launch and pricing of a US$ denominated bond issue in a two-tranche transaction comprising 3-year and 5-year senior notes.

The notes consist of an aggregate $500m principal amount paying interest at 2.00% per annum, and maturing on 5 December 2014 and a further principal amount of $500m paying interest at 2.70% per annum, and maturing on 5 January 2017.

Tesco will use the net proceeds of the offering for general corporate purposes, including the refinancing of certain existing debt.

At 10:41am: [LON:TSCO] Tesco share price was +2.3p at 398.55p

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