Walmart is poised to raise at least US$6 billion through U.S. and Canadian dollar bonds, diversifying its funding sources amid a spending spree. The company issued $5 billion (US$3.56 billion) in its debut Canadian-dollar notes and priced US$3 billion of U.S. dollar bonds, with demand for the U.S. offering exceeding US$14 billion at its peak. Analysts estimate Walmart's spending could hit a record US$29 billion next year, while about US$3.3 billion of its bonds mature in that period. Bloomberg Intelligence analysts say the retailer aims to capture more household spending as inflation and higher gas prices squeeze budgets.
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Original headline: Walmart US$6 . 56 billion bond sale include first in Canada
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