May 15, 2024 12:51 GMT
Tesco (TSCOLN; Baa3, BBB-, BBB-; S) Final Terms
CONSUMER STAPLES
Final £350m 10Y: +122 (eqv. 5.34% or Z+152) vs. FV of UKT+115 (5.27% or Z+145)
- Muted -3 into final & total from IPT only -23. 7bp NIC on a already wide secondary/11Y a tad surprising/weak to us.
- Books>£1.4b, issue size smaller than we expected.
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