International law firm Freshfields Bruckhaus Deringer has advised Tesco plc, the UK’s largest food retailer, on its new Yankee bond issue of US$1 billion in three-year and five-year senior notes, which were listed on the London Stock Exchange.

‪Commenting on the deal, Freshfields corporate partner Don Guiney said: “We are delighted to have advised Tesco on this transaction. The success of the deal in such volatile market conditions is a testament to the strength of the Tesco brand.”

Freshfields worked alongside the Tesco team, which included Jonathan Lagan (Senior Counsel – Tax, Treasury and Corporate Finance), Scilla Grimble (Director, Corporate Finance & Treasury) and David Niotakis (Assistant Treasurer Risks & Analysis). The Freshfields team was led by corporate partner Don Guiney, senior associates Charity Trelease and Andrew Boyer and associate Megan Castellano. They were assisted by corporate partners Mark Trapnell and Claire Wills, senior associate Sarah-Jane Mulryan and associate Philipp Leibfried.