TIDMTSCO
RNS Number : 0695C
Tesco PLC
05 November 2009
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5 November 2009
Samsung Tesco Announces Korean Bond Issue in Local Market
Samsung Tesco today completed a Korean Won denominated bond issue. The Notes
consist of KRW 200 billion paying 5.94% interest and maturing on 5th November
2012.
SH Lee, Samsung Tesco President & CEO, commented: "We have a strong business in
South Korea. This domestic bond issue demonstrates our commitment to continued
investment in the country and supports the local Korean investment market."
South Korea is Tesco's largest international business with sales of GBP3.1bn
(excluding VAT) in the year to February 2009. Tesco entered the market in 1999
and now operates 112 Homeplus hypermarkets and more than 168 Homeplus Express
stores. In 2008 Samsung Tesco acquired 36 hypermarkets from the E-land group
which have since been converted to the Homeplus format.
Enquiries:
+-----------------------------------------------+---------------------------+
| Mark George, Tesco, Investor Relations | Tel: 01992 806149 |
+-----------------------------------------------+---------------------------+
| Jonathan Church, Tesco, Press & Media | Tel: 01992 646606 |
+-----------------------------------------------+---------------------------+
| Angus Maitland, Maitland, Press & Media | Tel: 020 7379 5151 |
+-----------------------------------------------+---------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
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