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Wal-Mart (WMT +0.5%) issues three-, five-, 10-, and 30-year bonds totaling $5B; the paper is...

Wal-Mart (WMT +0.5%) issues three-, five-, 10-, and 30-year bonds totaling $5B; the paper is rated Aa2/AA/AA. Proceeds will go towards the ubiquitous "general corporate purposes." 
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Comments (4)
  • Dividend Garden
    , contributor
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    Any ideas what rates the paper was issued at?
    4 Apr 2013, 02:34 PM Reply Like
  • Sean Erickson
    , contributor
    Comments (271) | Send Message
     
    According to reuters,

     

    The world's biggest retailer is planning to sell $1 billion of three-year notes at Treasuries plus 30 basis points, $1.25 billion of five-year notes at Treasuries plus 45bp, $1.75 billion of 10-year notes at Treasuries plus 82bp and $1 billion of 30-year notes at plus 102bp. The shorter tranches were slightly tighter than initial price thoughts.
    4 Apr 2013, 02:44 PM Reply Like
  • Dividend Garden
    , contributor
    Comments (445) | Send Message
     
    Excellent, so basically free money. The NPV of $1 billion in 30 years means we'll only have to pay back a pittance in today's dollars. And in 30 years, they'll turn that $1 billion into $10 billion, or they will buy back stock. Glad I'm long WMT.
    4 Apr 2013, 02:51 PM Reply Like
  • pruffalo
    , contributor
    Comment (1) | Send Message
     
    general corporate purposes." 5 billion !!!!!
    4 Apr 2013, 05:47 PM Reply Like
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