You are here

Tesco's borrowing costs soar as bonds plunge

Tuesday, October 28, 2014 - 05:50

Tesco shares have lost half of their value this year amid an accounting scandal and a series of profit warnings.


TESCO Plc's battle to retain its investment-grade status is driving up borrowing costs for a company saddled with more than £16 billion (S$32.9 billion) of debt.

Tesco bonds plunged and the cost of insuring them against default soared last week after Moody's Investors

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom