By Andrea Heisinger
New York, May 14 - Wal-Mart Stores, Inc. sold $1 billion of 3.2% five-year notes Thursday at Treasuries plus 125 basis points, an informed source said.
They were talked at Treasuries plus 135.5 bps, and came in well below that.
The notes (Aa2/AA/AA) priced at 99.987 to yield 3.203%. They are non-callable.
Bookrunners were Barclays Capital, Deutsche Bank Securities and J.P. Morgan Securities. Co-managers were BBVA Securities and Wachovia Capital Markets.
The retailer is based in Bentonville, Ark.
| Issuer: | Wal-Mart Stores, Inc.
|
| Issue: | Notes
|
| Amount: | $1 billion
|
| Maturity: | May 15, 2014
|
| Bookrunners: | Barclays Capital, Deutsche Bank Securities, J.P. Morgan Securities
|
| Co-managers: | BBVA Securities, Wachovia Capital Markets
|
| Coupon: | 3.2%
|
| Price: | 99.987
|
| Yield: | 3.203%
|
| Spread: | Treasuries plus 125 bps
|
| Call: | Non-callable
|
| Trade date: | May 14
|
| Settlement date: | May 21
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Fitch: AA
|
| Price talk: | Treasuries plus 135.5 bps
|
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