Amazon Taps Cheap Debt Markets to Raise $10 Billion
Many companies have been trying to beef up their balance sheets in the face of the ongoing COVID-19 pandemic, which has created considerable global macroeconomic uncertainties. Following other bond issuances in the tech sector like T-Mobile and Apple in recent months, Amazon.com (NASDAQ: AMZN) this week also tapped the debt markets for access to cheap capital, with the e-commerce giant raising a cool $10 billion at record low rates.
Here's what investors need to know.
Image source: Amazon.com.
Source Fool.com
