McDermott Comment | Asda Buyers Raise £2.75bn In Junk Bond Sale

Overview


Aymen Mahmoud, partner at law firm McDermott Will & Emery, said:

“This landmark issuance reiterates two current trends in the strongest terms. Firstly, the availability of flexible pools of capital looking for returns means that transaction sizes are likely to grow as the financial markets stabilize. Secondly, the United Kingdom remains a genuine value play for both domestic and foreign investors. The strongest sub-investment credits in the market with extremely resilient business models will continue to attract the best terms at the highest debt quantum Asda is one of many such examples and we see similar examples as we exit times of economic uncertainty and move forward into a period of economic growth.”