Walmart is the recent company to offer $5 billion in bonds.

Walmart is the most recent company to offer $5 billion in bonds.

Walmart Inc. will raise $5 billion in bond issues, following a number of other major retailers and restaurant chains in taking advantage of the debt market before the next likely rate increase by the US Federal Reserve.

According to a company filing on Wednesday, the bonds’ maturity dates range from 2025 to 2052, and their coupon rates range from 3.9% to 4.5%.

On September 20-21, the Federal Open Market Committee will meet, and it is anticipated that the Fed will determine whether to proceed with another 75bp rate increase.

At least 19 investment-grade bond offerings were anticipated to price, according to IFR, on Tuesday as issuers and investors prepared for what was anticipated to be a hectic post-Labor Day day.

The firms reported their respective offerings in separate filings on Tuesday.

Target Corp. is issuing $1 billion in notes due 2032, and McDonald’s Corp. is offering around $1.5 billion in two-part bonds due 2052 and 2032.

Separately, Dollar General priced four-part senior notes for $2.3 billion, and Lowe’s Cos Inc. announced the pricing of four-part notes offering valued at $4.75 billion.

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