From Financialpost · · 50s
Walmart Raises $6.56 Billion in Bond Sales
Walmart's $6.56 billion bond sale diversifies funding as it expands globally.
In brief
Walmart's $6.56 billion bond sale diversifies funding as it expands globally. Walmart raised at least $6 billion from U.S. and Canadian bonds to fund growth amid record spending. Originally reported by Financialpost.
Walmart's Bond Offer
Walmart raised at least $6 billion from U.S. and Canadian bonds to diversify funding sources amid record spending.
Canadian Bond Details
The company issued $5 billion (US$3.56 billion) of Canadian notes in its debut offering.
U.S. Bond Details
Walmart priced US$3 billion of U.S. dollar bonds in its second offering.
Funding Strategy
Walmart aims to boost investments through new stores, e-commerce, and automation with record US$29 billion spending next year.
Investor Demand
The U.S. dollar sale attracted over US$14 billion in investor demand at its peak.
What it means
Walmart raised at least $6 billion from U.S. and Canadian bonds to fund growth amid record spending.
