Wal-Mart Stores has reportedly sold a GBP1bn ($1.96bn) 32-year bond, with the money to fund general corporate purposes.

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The bond, due 19 January 2039, has a coupon of 4.875% and was sold at 98.038% of face value to yield 88 basis points over UK government gilts, the banks Citigroup, Goldman Sachs and Morgan Stanley purportedly told Reuters news agency.

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Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

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