Tesco Property Bonds Said May Have 275 Basis-Point Spread

Tesco Property Finance 5 Plc may sell about 450 million pounds of senior, secured bonds due 2041, according to a banker involved in the transaction.

The notes may be priced to yield about 275 basis points more than U.K. government debt, the banker said.

To contact the reporter on this story: Hannah Benjamin in London at hbenjamin1@bloomberg.net

To contact the editor responsible for this story: Andrew Reierson at areierson1@bloomberg.net

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