Tesco Property Finance sells £565 Million

Bluechip retailer Tesco ( TESO - news - people ) tapped a further 565 million pounds from Europe's recovering asset-backed securities (ABS) market on Wednesday after selling a second batch of bonds secured on a portfolio of real estate.

Sole arranger Goldman Sachs ( GS - news - people ) said it had received about 1.3 billion pounds of orders for the bonds, more than twice the size of the proposed offer.

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