UK: Sale of Unilever bonds in bid to pay back bank loans
£4.8bn worth of Unilever bonds are to reach the corporate bond market today, in a bid by the UK based foods group to pay off bank loans. Money was borrowed by Unilever to complete the sale of US group Bestfoods , but this move is surprising considering the increasingly volatile nature of the market.
£4.8bn worth of Unilever bonds are to reach the corporate bond market today, in a bid by the UK based foods group to pay off bank loans. Money was borrowed by Unilever to complete the sale of US group Bestfoods, but this move is surprising considering the increasingly volatile nature of the market.
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