Wal-Mart launches $3 bln 3-part sale – IFR

NEW YORK, June 30 (BestGrowthStock) – Wal-Mart Stores (WMT.N: ) on
Wednesday launched its $3 billion three-part sale, said IFR, a
Thomson Reuters service.

The sale includes $750 million of five-year notes launched
at 53 basis points over comparable U.S. Treasuries, $1.5
billion of 10-year notes launched at 70 basis points more than
Treasuries, and $750 million of 30-year bonds launched at 108
basis points more than Treasuries.

Barclays, Deutsche Bank and JP Morgan are the active
bookrunners for the sale. Credit Suisse, Morgan Stanley and RBS
are the passive bookrunners, said IFR.

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(Reporting by Pam Niimi; Editing by Chizu Nomiyama)

Wal-Mart launches $3 bln 3-part sale – IFR