Walmart renews yen hedges
Walmart designated ¥180 billion of yen bond issuances as hedges of its Japanese operations in 2017.
The retail giant issued three fixed-rate paying bonds on July 18, 2017 – a ¥70 billion five-year note, a ¥40 billion seven-year note, and a ¥60 billion nine-year note. Each bond was designated as a net investment hedge of its Japanese operations in the company’s annual regulatory filing with the US Securities and Exchange Commission (SEC).
It was the company’s first issuance of yen-denominated
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