Walmart Issues $2.5 Billion in Bonds to Diversify Funding

Walmart Inc. is issuing at least $2.5 billion in US dollar bonds on Monday to diversify its funding sources amid a period of increased spending. The offering is structured across four tranches with maturities ranging from three to 10 years.

For the longest tenor in the offering, the retailer set initial price talk at a yield premium of 0.75 percentage point over Treasuries. In addition to the US dollar issuance, the company is exploring a debut debt offering in the Canadian market.