Kroger sells US$10.5bil of bonds to fund buyout


The deal size makes Kroger’s the fifth biggest US investment-grade bond sale in 2024. — Bloomberg

NEW YORK: Kroger Co is selling US$10.5bil of notes to help fund its acquisition of fellow grocer Albertsons Co Inc in one of the biggest corporate bond deals of the year.

The supermarket chain issued the bonds in seven parts, according to a person with knowledge of the matter.

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