NVIDIA launches 1st major bond sale since 2021, 7 tranches
Business
NVIDIA just kicked off its first big bond sale since 2021.
The chip giant is offering debt in seven chunks, with payback dates from two to 30 years.
The longest-term bonds are set at about 0.9% above US Treasury rates, pretty standard for a company of NVIDIA's size.
NVIDIA to repay and refinance notes
Proceeds from NVIDIA's sale will help fund general corporate purposes, including the repayment and refinancing of outstanding notes, the person said.
This move follows what other tech giants like Alphabet Inc. and Amazon have been doing lately, borrowing big to keep up with exploding demand for AI tech.
Major banks like Goldman Sachs, JPMorgan, and Morgan Stanley are handling the deal, showing just how much confidence Wall Street has in NVIDIA right now.