City traders betting on squeeze at supermarket giant Asda - This is Money

6/18/2022 12:00:00 AM2 years 10 months ago
by Neil Craven
by Neil Craven
City traders are selling off parcels of the company's corporate loans - known as bonds - at a discount of almost a fifth.
City traders are betting on a squeeze at supermarket giant Asda as it grapples with a huge debt pile and a consumer slump. The food retailer was snapped up less than two years ago by Blackburn brot… [+3819 chars]
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