Tesco Joins AT&T Selling Euro Bonds as Borrowing Costs Decline
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Tesco Plc, the U.K.’s biggest grocer, and AT&T Inc., the largest U.S. telephone company, are selling bonds in euros as borrowing costs approach the lowest in 4 1/2 months in Europe.
It’s Tesco’s first sale of notes in the currency since 2011, while AT&T joins a surge of U.S. companies selling the most debt in Europe in six months, according to data compiled by Bloomberg.