Nvidia seeks at least $20 billion in its first bond sale since 2021

Nvidia is seeking to raise at least $20 billion in a bond offering, its first trip to the corporate debt market since 2021, as AI leaders keep borrowing heavily to fund expansion. The company is marketing seven tranches of bonds with maturities ranging from two to 30 years, according to people with direct knowledge of the matter cited by Bloomberg. Price talk on the longest-dated notes was about 0.9 percentage point above Treasuries. Proceeds are expected to support general corporate purposes, including repaying and refinancing outstanding notes. Nvidia last sold investment-grade bonds in June 2021, when it raised $5 billion.