Amazon.com Reportedly Floating Massive $18.5 Billion Debt Securities Issue
Taking advantage of frothy debt markets, not to mention extremely low interest rates, Amazon.com (NASDAQ: AMZN) is apparently floating $18.5 billion in debt securities. That's according to a report published Monday by Bloomberg, citing "people with knowledge of the matter," which follows a preliminary prospectus filed by the company.
According to those sources, Amazon sold that amount of bonds in eight tranches. The largest of these is a 40-year bond which yields 95 basis points over Treasury securities, although Bloomberg did not specify which ones.
If the report is accurate, the $18.5 billion would be the retail giant's largest bond issue in history. It would also be the No. 2 in terms of size for 2021 behind Verizon's $25 billion flotation.
Source Fool.com
