By
Reuters
Published
Jul 29, 2009
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Wal-Mart sells 100 billion yen in Samurai bonds

By
Reuters
Published
Jul 29, 2009

TOKYO, July 29 (Reuters) - Wal-Mart Stores Inc (WMT.N) sold 100 billion yen ($1.1 billion) of five-year Samurai bonds in two tranches, lead manager Mizuho Securities said on Wednesday 29 July.


Photo: REUTERS/Rick Wilking

Wal-Mart, the world's biggest retailer, sold 83.1 billion yen in fixed-rate bonds and 16.9 billion yen in floating-rate bonds.

The coupon for the fixed-rate bonds is set at 55 basis points above yen swaps, while that for the floating-rate bonds is set 60 basis points above six-month yen Libor.

BNP Paribas and Mitsubishi UFJ Securities are other lead managers.

Samurai bonds are yen bonds issued in Japan by non-Japanese entities.

(Reporting by Naoyuki Katayama and Hiroyasu Hoshi; writing by Rika Otsuka)

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