Wal-Mart Message Board - Msg: 10780773

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Non-Tech : Wal-Mart

WMT 102.68

+1.0%

2:36 PM EST

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To: Dennis who wrote (811)	8/2/1999 1:52:00 PM
From: JakeStraw	Read Replies (1) of 1166

biz.yahoo.com NEW YORK, Aug 2 (Reuters) - A massive supply wave is expcted to sweep through the U.S. corporate bond market this week lead by a $5.0 billion offering from Wal-Mart Stores Inc. (NYSE:WMT - news), dealers said on Monday. Following a two-week roadshow in Europe and the United States, the retailer is expected to sell its highly-anticipated offering by mid-week, market players said. The three-part deal will include $1.0 billion in two-year notes, $2.0 billion in five-year notes and another $2.0 billion in 10-year notes, dealers said. The deal is expected to attract investors looking for large liquid issues with quality names. ''I think Wal-Mart is the last remaining AA credit in the retail sector, that and its powerful position within the retail area is going to attract investors,'' said Douglas Williams, vice president and portfolio manager at First Capital Group,....

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