Walmart Borrows $16 Billion in Second-Largest Bond Sale of Year

Walmart Inc. sold $16 billion of bonds to help finance its investment in India’s biggest online seller, in the second-largest U.S. corporate debt sale of the year. The longest bond, a 30-year security, yields 1.05 percentage points above Treasuries, less than the initial 1.2 percentage points that was being pitched earlier in the day, according to a person with knowledge of the matter, who asked not to be identified because the details are private. The deal edged out an offering Bayer AG completed two days ago.