NVIDIA is preparing its first investment-grade bond sale in approximately five years. The company aims to raise a minimum of $20 billion.
The offering features seven different maturity periods. These bonds range from two to 30 years in length. NVIDIA last accessed this market in June 2021.
The previous offering raised $5 billion. Proceeds will fund general corporate purposes and the refinancing of existing notes. This capital supports expanding computing infrastructure for artificial intelligence.