Bentonville, Ark. Wal-Mart Stores plans to raise about $1.97 billion in net proceeds from the sale of $2 billion senior unsecured notes, according to a regulatory filing on Thursday.
The retailer wants to sell $750 million notes due 2015 and $1.25 billion notes due 2040.
In other news, Wal-Mart announced its charitable giving in the U.S. totaled more than $467 million in cash and in-kind gifts in its most recent fiscal year, which is an $89 million increase over the previous year's giving. In international markets, the company gave $45 million in cash and in-kind gifts.