Walmart Latest to Tap Bond Market With $5 Billion Offerings

Walmart Latest to Tap Bond Market With $5 Billion Offerings
Shopping trolley in front of Walmart logo in a photo illustration on July 24, 2022. Dado Ruvic/Reuters
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Walmart Inc. will raise $5 billion in bond offerings, joining a host of big retailers and restaurant chains to tap the debt market ahead of the U.S. Federal Reserve’s next potential rate move.

A company filing showed on Wednesday that its bonds will be due between 2025 and 2052 and have a coupon rate of between 3.9 percent and 4.5 percent.