date:Jul 21, 2012
ginning of the month. He said:There is no definitive date when it will finish.
Meanwhile, the retailer this week launched a 400M bond issue as it looks to strengthen its funding.
Morrisons said the cash from the bond, an alternative to bank debt, will be used for its general corporate purposes.
In a statement, it added that the bond will extend the average maturity of its remaining debt, reduce reliance on bank financing and diversify and strengthen its overall funding structure.
The 14-year