Financial Times FT.com

Wal-Mart’s Samurai bonds in demand

By Lindsay Whipp in Tokyo

Published: July 24 2008 18:25 | Last updated: July 24 2008 18:25

Wal-Mart has sold Y100bn ($929m) of Samurai bonds, in the largest issue by a non-financial company this year, adding to the increasing number of foreign companies tapping the Japanese market’s large pool of yield-hungry investors.

The bonds of the world’s largest retailer were bought by institutional investors with demand exceeding the deal size, according to a banker involved in the deal.

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