Reported 3 months ago
Ocado Group Plc is set to issue bonds for the first time in nearly three years, seeking to raise £350 million through a junk-bond offering as well as £250 million in guaranteed senior convertible bonds. This move comes shortly after the company reported a significant reduction in its losses for the first half of the year, while still facing challenges in its automated warehouse business due to slowed expansions from key clients like Kroger and Sobeys.
Source: YAHOO