Amazon offers investment-grade bonds in its first note sale in a year

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Business News News

Goldman Sachs, JPMorgan and Morgan Stanley are managing the bond sale

Amazon is offering investment-grade bonds for general corporate purposes that may include repaying debt as well as funding acquisitions and share buybacks in its first note sale in about a year.Amazon is offering investment-grade bonds for general corporate purposes that may include repaying debt as well as funding acquisitions and share buybacks in its first note sale in about a year.

Amazon last tapped the US debt market when it sold $18.5bn of bonds in May, also for general corporate purposes that included possible refinancing of debt and share repurchases. The 40-year security on that deal priced to yield 95 basis points over Treasuries. In February, Amazon wowed Wall Street with a strong earnings report. While online store sales actually declined from last year’s pandemic-fuelled gains, the company’s profitable cloud-computing and advertising businesses combined to more than make up for it.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: Russia to Halt Bond Sales for This Year as Interest Costs SurgeRussia will halt bond auctions for the remainder of 2022 due to prohibitive borrowing costs, Finance Minister Anton Siluanov was quoted as saying by Russian newspaper Izvestia.
Source: dailymaverick - 🏆 3. / 84 Read more »