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

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

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 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 

You May Also Like
Around the Web

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved