By Aleesia Forni
Virginia Beach, Sept. 25 - Wal-Mart Stores Inc. priced a combined $1.75 billion of five- and 30-year notes (Aa2/AA/AA) on Wednesday, according to an informed source and an FWP filing with the Securities and Exchange Commission.
The company priced $1 billion 1.95% five-year notes with a spread of Treasuries plus 60 basis points, or 99.81 to yield 1.988%.
A second part was $750 million 4.75% 30-year notes, which priced at Treasuries plus 110 bps. Wal-Mart sold the notes at 99.304 to yield 4.794%.
BofA Merrill Lynch, Deutsche Bank Securities Inc., RBS Securities Inc., HSBC Securities (USA) Inc. and Wells Fargo Securities LLC were the joint bookrunners.
The discount retailer is based in Bentonville, Ark.
| Issuer: | Wal-Mart Stores Inc.
|
| Issue: | Notes
|
| Amount: | $1.75 billion
|
| Joint bookrunners: | BofA Merrill Lynch, Deutsche Bank Securities Inc., RBS Securities Inc., HSBC Securities (USA) Inc., Wells Fargo Securities LLC
|
| Trade date: | Sept. 25
|
| Settlement date: | Oct. 2
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Fitch: AA
|
| Distribution: | SEC registered
|
|
|
| Five-year notes
|
| Amount: | $1 billion
|
| Maturity: | Dec. 15, 2018
|
| Coupon: | 1.95%
|
| Price: | 99.81
|
| Yield: | 1.988%
|
| Spread: | Treasuries plus 60 bps
|
| Call: | Non-callable
|
|
|
| 30-year bonds
|
| Amount: | $750 million
|
| Maturity: | Oct. 2, 2043
|
| Coupon: | 4.75%
|
| Price: | 99.304
|
| Yield: | 4.794%
|
| Spread: | Treasuries plus 110 bps
|
| Call: | Anytime beginning April 2, 2043 at par plus accrued interest
|
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