Mega retailer Walmart borrowed $5 billion in the corporate bond market on Wednesday, with strong investor demand dialing back borrowing costs for the national chain.
Walmart WMT, a big-box retailer with AA credit ratings, was initially expected to raise about $4 billion, but increased its borrowing size and trimmed pricing after order books shaped up to around $20.5 billion, according to Informa Global Markets.
“If…
