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Stock impact report

Walmart Plans to Sell Investment-Grade Bonds on Monday [Yahoo! Finance Canada]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Most Read from Bloomberg 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. Proceeds will go toward general corporate purposes, potentially including debt refinancing, the person added. Citigroup Inc., JPMorgan Chase & Co. and Mizuho Financial Group Inc. managed the debt raise. Citi declined to comment, while JPMorgan and Mizuho didn't immediately respond to requests for comment. Walmart's deal came during a busy US investment-grade session Monday, with 12 issuers raising a combined $24.3 billion, near the high end of dealers' full-week forecasts. Borrowers are seizing steady credit markets to lock in borrowing costs ahead of Show less Read more
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