Wal-Mart yesterday raised £1bn through the sale of sterling corporate bonds maturing in 31 years, said The Times.

More than 100 institutions from 14 countries lodged bids worth £2.5bn for Wal-Mart’s bonds.

The news follows the latest figures from TNS, which indicates that Asda is seeing a slowdown in growth. The supermarket retailer, owned by Wal-Mart, continues to increase in sales but growth has slowed from 6% in the 12 weeks to August 15 to 5% in the 12 weeks to September 12.