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Walmart seeks $2.5 billion from US bond sale, weighs first Canadian-dollar offering

Walmart seeks $2.5 billion from US bond sale, weighs first Canadian-dollar offering

·Excerpt
Walmart seeks $2.5 billion from US bond sale, weighs first Canadian-dollar offering
Image: Walmart’s potential Canadian-dollar offering follows similar moves by major US technology companies, including Alphabet Inc. and Amazon.com Inc., which accessed debt markets this year to finance their Ai infrastructure investments.(REUTERS)

Walmart Inc., the world’s largest retailer, is raising at least $2.5 billion through a new US dollar bond offering and exploring its first Canadian-dollar debt sale as it seeks to diversify funding sources amid rising investment requirements.

The company launched a four-tranche US dollar bond offering on Monday, with maturities ranging from three to 10 years, Bloomberg reported, citing people familiar with the matter. The transaction attracted investor demand exceeding $14 billion at its peak.

Pricing for the longest-dated tranche…

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