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Walmart Seeks to Raise $6 Billion Through US and Canadian Bond Sales
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Moneycontrol•20-10-2026, 00:58
Walmart Seeks to Raise $6 Billion Through US and Canadian Bond Sales
- •Walmart Inc. is raising at least $6 billion through concurrent US dollar and Canadian dollar bond offerings to diversify its funding sources.
- •The retail giant launched a $3 billion US dollar bond sale alongside its debut Canadian note offering of at least C$4.25 billion.
- •The capital raise comes as Walmart plans a record $29 billion in investments next year to expand stores, e-commerce, and automation.
- •The US dollar bond sale attracted over $14 billion in peak investor demand with maturities ranging from three to 10 years.
- •By issuing Canadian dollar debt, Walmart follows US tech giants like Alphabet and Amazon in tapping foreign markets for strategic financing.
Key Questions Answered
Walmart is looking to raise at least $6 billion from the sale of US and Canadian dollar bonds, which includes a $3 billion US issuance and a minimum C$4.25 billion ($3 billion) debut Canadian note offering, with both four-part sales set to price on Monday.
Walmart is raising funds to diversify its funding sources while pursuing a spending spree that includes adding new stores, expanding e-commerce capabilities, automating tasks, and covering approximately $3.3 billion of bonds maturing next year.
Walmart launched its debut Canadian-dollar debt offering to diversify its currency and investor base, following similar moves by US tech giants like Alphabet and Amazon, while local Canadian investors seek to broaden their sector exposure.
