- Walmart (WMT +0.2%) is launching a large sale of bonds to help raise funds to pay for the $16B investment in Flipkart.
- Bloomberg reports that the company is offering fixed- and floating-rate bonds in as many as nine different parts.
- Sources say the largest part of the ~$10B offering will be the 30-year issue, expected to yield about 120 bps over the comparable U.S. Treasury.