Tesco PLC, is the largest UK supermarket retailer, that is in the middle of fixing it’s finances, after accounting issues. It has huge assets, for example sold 14 sites a few months ago and raised £250m
http://www.tescoplc.com/index.asp?pageid=17&newsid=1222
Tesco finances its operations through a combination of retained profits, long and medium term debt capital market issues, commercial paper, bank borrowings and leases, with the objective of ensuring continuity of funding.
http://www.tescoplc.com/index.asp?pageid=32
Tesco’s principal medium to long term funding is through its £15bn Euro Note Programme.
When you look at the bond issues one can see the debt it is carrying:-
EUR 5.389
GBP 3.097
US$ 2.5
In total of a facility of £15bn is has issued:
£4.05 + £3.097 +£1.72 = £8.867 Billion
This has tapped over 50% of its funding programme. Every little helps.