News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

JP Morgan scores as Wal-Mart raises record bond

JP Morgan has won its first debt mandate from Wal-Mart in almost two years as the US stores group prepares to launch its largest bond since August 1999.

The US bank is working with Credit Suisse First Boston and Lehman Brothers as bookrunner on the $2bn (€1.6bn) bond, which could be launched today and would be one of the largest debt deals this summer.

WSJ Logo