By Cristal Cody
Tupelo, Miss., Sept. 19 – Walmart Inc. priced $1.5 billion of fixed-rate senior notes (Aa2/AA/AA) in two tranches on Thursday, according to an FWP filing with the Securities and Exchange Commission.
A $500 million tranche of 2.375% 10-year notes priced at 99.894 to yield 2.387%, or a Treasuries plus 60 basis points spread.
Walmart placed $1 billion of 2.95% 30-year notes at 99.528 to yield 3.025%. The notes priced with a spread of 80 bps over Treasuries.
Barclays, BofA Securities, Inc., Citigroup Global Markets Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC were the bookrunners.
Proceeds will be used for general corporate purposes.
The discount retailer is based in Bentonville, Ark.
| Issuer: | Walmart Inc.
|
| Amount: | $1.5 billion
|
| Description: | Senior notes
|
| Bookrunners: | Barclays, BofA Securities, Inc., Citigroup Global Markets Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC
|
| Trade date: | Sept. 19
|
| Settlement date: | Sept. 24
|
| Ratings: | Moody’s: Aa2
|
| S&P: AA
|
| Fitch: AA
|
| Distribution: | SEC registered
|
|
|
| 10-year notes
|
| Amount: | $500 million
|
| Maturity: | Sept. 24, 2029
|
| Coupon: | 2.375%
|
| Price: | 99.894
|
| Yield: | 2.387%
|
| Spread: | Treasuries plus 60 bps
|
| Call features: | Make-whole call before June 24, 2029 at price equal to greater of par and Treasuries plus 10 bps; thereafter at par
|
|
|
| 30-year notes
|
| Amount: | $1 billion
|
| Maturity: | Sept. 24, 2049
|
| Coupon: | 2.95%
|
| Price: | 99.528
|
| Yield: | 3.025%
|
| Spread: | Treasuries plus 80 bps
|
| Call features: | Make-whole call before March 24, 2049 at price equal to greater of par and Treasuries plus 15 bps; thereafter at par
|
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