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Amazon borrows $18.5 billion it doesn't need in new debt sale


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Amazon.com Inc. sold bonds to refinance debt and buy back stock, as cheap borrowing costs prove too tempting to resist even for a company with tens of billions of dollars in cash.
The online retail giant issued $18.5 billion of debt in eight parts. The longest portion, a 40-year security, yields 95 basis points over Treasurys after initial price talk at around 115 basis points, according to people with knowledge of the matter who asked not to be identified because the details are private.
Companies have been taking advantage of wide-open bond markets and spreads at three-year lows to score cheap borrowing, even if they don’t need it. With the economy rebounding from the pandemic, U.S. investment-grade firms are increasingly tempted to spend their cash cushions on acquisitions and dividend hikes or to borrow even more. ....

United States , Matt Brill , Charles Oshea , Morgan Stanley , Foods Market Inc , Moody Investors Service , Invesco Ltd , Jpmorgan Chase Co , Verizon Communications Inc , Wells Fargo Co , Citigroup Inc , Verizon Communications , North America , Whole Foods Market , Investors Service , Charleso Shea , Wells Fargo , ஒன்றுபட்டது மாநிலங்களில் , மேட் புல் , சார்லஸ் ஓஷேஆ , மோர்கன் ஸ்டான்லி , உணவுகள் சந்தை இன்க் , மனநிலை முதலீட்டாளர்கள் சேவை , இன்வெஸ்கோ லிமிடெட் , ஜுப்ம்ொர்கண் துரத்து இணை , வெரிசோன் தகவல்தொடர்புகள் இன்க் ,

Amazon borrows $18.5bn it doesn't need in new debt sale - Armenian News


13:50 • 11.05.21
Amazon.com Inc. sold bonds to refinance debt and buy back stock, as cheap borrowing costs prove too tempting to resist even for a company with tens of billions of dollars in cash.
The online retail giant issued $18.5 billion of debt in eight parts. The longest portion, a 40-year security, yields 95 basis points over Treasuries, after initial price talk at around 115 basis points, said the people, Bloomberg reports, citing people with knowledge of the matter, who asked not to be identified because the details are private.
Companies have been taking advantage of wide-open bond markets and spreads at three-year lows to score cheap borrowing, even if they don’t need it. With the economy rebounding from the pandemic, US investment-grade firms are increasingly tempted to spend their cash cushions on acquisitions and dividend hikes, or borrow even more. ....

United States , Matt Brill , Verizon Communication Inc , Invesco Ltd , North America , ஒன்றுபட்டது மாநிலங்களில் , மேட் புல் , வெரிசோன் தொடர்பு இன்க் , இன்வெஸ்கோ லிமிடெட் , வடக்கு அமெரிக்கா ,