Tags: Wal-Mart | Bonds | Jump | first | Day | Trading

Wal-Mart’s $5 Billion of Bonds Jump in First Day of Trading

Tuesday, 19 Oct 2010 12:28 PM

Wal-Mart Stores Inc.’s four-part, $5 billion bond offering jumped in the first day of trading, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority.

The world’s largest retailer’s $1.25 billion of 5 percent securities due in October 2040 were the most-traded corporate bonds as of 11:34 a.m. in New York and rose more than those Wal- mart sold with shorter maturity dates. They climbed 1.25 cents to 99.6 cents on the dollar, Trace data show.

The Bentonville, Arkansas-based company’s $1.75 billion of 3.25 percent bonds due in October 2020 increased 0.04 cent to 99.66 cents on the dollar and its $1.25 billion of 1.5 percent notes due in October 2015 rose 0.17 cent to 99.63 cents. Wal- Mart’s $750 million of 0.75 percent debt due in October 2013 rose 0.22 cent to 99.88 cents on the dollar, Trace data show.

The company’s three- and five-year notes were issued with the lowest coupons on record, according to Bank of America Corp., which helped manage the sale yesterday with Barclays Plc and Goldman Sachs Group Inc.

© Copyright 2015 Bloomberg News. All rights reserved.

1Like our page

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

© Newsmax Media, Inc.
All Rights Reserved