Walmart latest to tap bond market with $5-B offerings

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. The Federal Open Market Committee Meeting is scheduled for Sept. 20-21, where the Fed is expected to decide on whether to go for another 75bp rate increase. IFR reported on Tuesday that at least 19 investment-grade bond deals were expected to price, as issuers and investors get ready for what is expected to be a busy post-Labor Day session....

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