Walmart seeks $2.5 billion from US bond sale, weighs first Canadian-dollar offering
New Delhi, Oct. 20 -- Walmart Inc., the world's largest retailer, is raising at least $2.5 billion through a new US dollar bond offering and exploring its first Canadian-dollar debt sale as it seeks to diversify funding sources amid rising investment requirements.
The company launched a four-tranche US dollar bond offering on Monday, with maturities ranging from three to 10 years, Bloomberg reported, citing people familiar with the matter. The transaction attracted investor demand exceeding $14 billion at its peak.
Pricing for the longest-dated tranche tightened by about 0.3 percentage point from initial discussions to a spread of 0.45 percentage point over US Treasuries, according to the report.
Separately, Walmart has asked Bank of A...
Click here to read full article from source
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.