Walmart Plans to Sell Investment-Grade Bonds on Monday

Walmart Inc. raised $4.25 billion from a high-grade bond offering, boosting the size of the deal amid a flood of issuance that was mostly well received.

The retailer, which was initially looking to raise at least $3 billion from the five-part transaction, lowered borrowing costs through the sale process. The longest 10-year tranche will yield 0.43 percentage point above Treasuries, roughly a quarter percentage point less than initial price talk, according to a person with knowledge of the matter, who asked not to be identified as the details are private.