Retail giant Tesco has become the fourth British company to mobilize funds by issuing renminbi denominated debt after Unilever, HSBC and Royal Bank of Scotland. Publicly-listed Tesco says it is raising RMB725 million to fund its working capital and business expansion needs in china in a first-of-its-kind move by an international retailer. 50 companies, including US, European and Indian players,…
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