Sept 7 (Reuters) - 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%
The Federal Open Market Committee Meeting is scheduled for
September 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.
Target Corp is offering $1 billion in notes due
2032, while McDonald's Corp is offering about $1.5
billion in two-part bonds due 2052 and 2032, the companies
disclosed in separate filings on Tuesday.
Separately, Lowe's Cos Inc also announced the
pricing of a four-part notes offering at $4.75 billion and
Dollar General priced four-part senior notes worth $2.3
(Reporting by Uday Sampath and Mehr Bedi in Bengaluru; Editing
by Sherry Jacob-Phillips and Anil D'Silva)