Walmart plans bond sale across five tranches

Investing.com -- Walmart Inc plans to sell dollar-denominated investment-grade bonds in as many as five parts on Monday, according to a a Bloomberg report Monday.

The longest portion of the offering, a 10-year security, may yield 0.7 percentage point more than Treasuries. The retailer reportedly plans to use the proceeds from the sale for general corporate purposes, potentially including refinancing.

The retail giant's offering comes as the US high-grade primary market is expected to see about $20 billion to $25 billion of issuance this week, with around eight potential borrowers looking to raise fresh capital on Monday, according to an informal poll of syndicate underwriters.

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