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WalMart Stores Inc Launches $5 Billion Four-part Bond Issue-Reuters


Thursday, 4 Apr 2013 01:50pm EDT 

Reuters reported that WalMart Stores Inc has launched a $5 billion four-part bond issue with a similar structure to a deal the Company did in 2011. The retailer is planning to sell $1 billion of three-year notes at Treasuries plus 30 basis points, $1.25 billion of five-year notes at Treasuries plus 45bp, $1.75 billion of 10-year notes at Treasuries plus 82bp and $1 billion of 30-year notes at plus 102bp. The shorter tranches were slightly tighter than initial price thoughts. Proceeds of the deal, led by active joint books Barclays, Citigroup and Morgan Stanley, will be used for general corporate purposes. That deal consisted of a $1 billion 1.625% three-year at plus 40bp, a $1 billion 2.8% five-year at plus 57bp, a $1 billion 4.25% 10-year at plus 75bp, and a $2 billion 5.625% 30-year at plus 110bp.