Nvidia wants to raise at least $20bn with its first bond issue since 2021
For the first time since 2021, Nvidia is returning to the corporate bond market with the aim of raising at least $20 billion (€17 billion). This financial step involves the issuance of bonds in seven different categories, with maturities ranging from two to 30 years. According to sources familiar with the transaction, the bonds with the longest maturity are being priced at around 0.9 percentage points above the yield on government bonds.
This initiative reflects a broader trend among leaders of the artificial intelligence revolution, who are aggressively taking on debt to keep up with growth. Tech giants such as Amazon and Alphabet have already raised hundreds of billions in capital over the past year to expand the infrastructure needed for AI.
Market demand remains strong, as investors have consistently shown a willingness to buy these bonds.
The capital raised through this sale is intended for general corporate purposes, including paying off existing debt and refinancing previous bonds.
Although JPMorganChase and Morgan Stanley are assisting with the issuance, both institutions declined to comment. Nvidia and Goldman Sachs, another manager, also did not respond to questions.
This latest move represents a substantial scaling up compared with Nvidia’s previous bond issue in June 2021, which totalled $5 billion (€4.3 billion).
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