By Andrea Heisinger
New York, July 20 - Wal-Mart Stores Inc. reopened its 6.2% notes due 2038 (Aa2/AA/AA) Monday to add $500 million, an informed source said.
The additional notes priced at 106.001 to yield 5.769% with a spread of Treasuries plus 130 basis points.
With the extra notes, the total issue size is now $2 billion, including $1.5 billion priced April 8, 2008 at 188 bps over Treasuries.
Bookrunners for the add on were Banc of America Securities, Citigroup Global Markets, Goldman Sachs & Co. and UBS Investment Bank.
The discount retailer is based in Bentonville, Ark.
| Issuer: | Wal-Mart Stores Inc.
|
| Issue: | Notes
|
| Amount: | $500 million reopening
|
| Maturity: | April 15, 2038
|
| Bookrunners: | Banc of America Securities, Citigroup Global Markets, Goldman Sachs & Co., UBS Investment Bank
|
| Coupon: | 6.2%
|
| Price: | 106.001
|
| Yield: | 5.769%
|
| Spread: | Treasuries plus 130 bps
|
| Call: | Non-callable
|
| Trade date: | July 20
|
| Settlement date: | July 27
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Fitch: AA
|
| Total issuance: | $2 billion, including $1.5 billion priced April 8, 2008 at Treasuries plus 188 bps
|
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