Wal-Mart sells $2.75 bln debt in 2 parts: source

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17 August 2007 @ 06:23 pm ET

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NEW YORK - Wal-Mart Stores on Friday sold $2.75 billion debt in two parts, said a market source familiar with the transaction.

The sale included $500 million of notes due February 15, 2018, priced to yield 1.15 percentage points over U.S. Treasuries and $2.25 billion of 30-year bonds yielding 1.50 percentage points over Treasuries.

The joint lead managers on the sale were Banc of America Securities, Citigroup Global Markets, Credit Suisse and Goldman Sachs, said the source.

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