Walmart kicks off mega bond deal to help finance Flipkart acquisition

The mega bond issue follows a $15 billion offering from Bayer AG, which priced the second-largest bond sale of the year on Monday to help fund its acquisition of Monsanto Co.

Walmart Inc. is selling bonds to help finance its acquisition in India’s biggest online seller, stuffing the US investment grade market with another jumbo deal just two days after the second-largest of the year.

The company is offering fixed- and floating-rate bonds in as many as nine parts, according to a filing on Wednesday. The longest portion of the offering, a 30-year security, may yield around 1.2 percentage points above Treasuries, according to a person with knowledge of the matter, who asked not to be identified because the details are private.

Walmart, the world’s largest retailer, said last month it