By Saeed Azhar, Tatiana Bautzer and Zaheer Kachwala
June 15 (Reuters) - Nvidia said on Monday it would raise $25 billion through a U.S. bond issuance, as it taps the debt market to increase liquidity for the first time since 2021.
The debt financing was more than initially planned, Reuters had reported earlier on Monday, citing two sources.
Investor demand for the bond sale hit $85 billion, one of the sources familiar with the matter said, declining to be named as the plan was still private. It was initially looking to raise $20 billion, the source had said earlier.
The bond consists of seven tranches of notes, maturing as late as 2056, according to a term sheet seen by Reuters.
June 15 (Reuters) - Nvidia said on Monday it would raise $25 billion through a U.S. bond issuance, as it taps the debt market to increase liquidity for the first time since 2021.
The debt financing was more than initially planned, Reuters had reported earlier on Monday, citing two sources.
Investor demand for the bond sale hit $85 billion, one of the sources familiar with the matter said, declining to be named as the plan was still private. It was initially looking to raise $20 billion, the source had said earlier.
The bond consists of seven tranches of notes, maturing as late as 2056, according to a term sheet seen by Reuters.
13 hours ago
