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Tesco Property Bonds Said May Have 275 Basis-Point Spread

Jan. 25 (Bloomberg) -- 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.

Link to Company News:{TSCO LN <Equity> CN <GO>}

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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