Wal-Mart sells 100 bln yen in Samurai bonds

TOKYO, July 24 | Wed Jul 23, 2008 9:14pm EDT

TOKYO, July 24 (Reuters) - Wal-Mart Stores Inc (WMT.N) sold a total of 100 billion yen ($926.5 million) in Samurai bonds in three tranches on Thursday, lead manager Mizuho Securities said.

Wal-Mart sold 25 billion yen in three-year fixed-rate bonds, 25 billion yen in five-year fixed-rate bonds, and 50 billion yen in five-year floating-rate bonds.

The three-year fixed-rate bonds have a spread of 40 basis points over yen swaps and the five-year fixed-rate bonds have a spread of 50 basis points over yen swaps. The five-year floating-rate bonds have a spread of 50 basis points over six-month yen Libor.

The Samurai bonds -- yen bonds issued in Japan by non-Japanese entities -- were priced at par.

(Reporting by Takefumi Ito and Naoyuki Katayama: writing by Rika Otsuka)

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