British supermarkets are put in pawn by TESCO

Nearly a billion pounds worth mortgage debentures have been issued by TESCO on its supermarkets in Great Britain. This is not the first such transaction and even the Hungarian subsidiary has recently made money from its real estates.

The hypermarket chain has issued debentures worth 950 billion pounds on fourty-one stores in the UK. Such bonds are said to be safe, pension funds are likely to buy them, therefore. Last year TESCO also obtained financial resources from its real estates: by selling its real estates for 63 million euros for an investment company, to lease them immediately back – writes Origo based on Financial Times.