Nvidia is marketing its first major corporate bond sale since 2021. The company aims to raise at least $20 billion through the offering. The sale features seven tranches with maturities ranging from two to 30 years.
The longest-dated debt carries a premium of 90 basis points over U.S. Treasuries. Proceeds will fund general corporate purposes and debt refinancing. This move supports the expansion of AI-related infrastructure.
Nvidia joins tech giants like Alphabet and Amazon in raising capital for AI. Goldman Sachs, JPMorgan, and Morgan Stanley are managing the sale.