Nvidia sells $25 billion in bonds in its biggest debt deal yet
What's new: The chipmaker marketed seven maturities from 2 to 30 years, and early trading stayed near the sale price.
Nvidia sold $25 billion of bonds in seven tranches on Monday, marking the chipmaker’s first corporate debt sale since 2021 and its largest on record. The offering came in above earlier expectations of at least $20 billion as investors continued to absorb heavy borrowing tied to the AI buildout. Bloomberg reported active secondary trading Tuesday, including about $1.2 billion in volume for the new seven-year notes, with prices holding close to issuance levels. Nvidia said the proceeds will go to general corporate purposes, including repaying and refinancing existing notes. The company last raised $5 billion in the investment-grade bond market in 2021.