Photo: Diego M. Radzinschi/ALM. Amazon Kicks Off 5-Part Bond Sale in Second Deal of the Year
Amazon last sold bonds in April, raising $12.75 billion, which was the company's first offering in about a year at the time.
November 29, 2022 at 12:51 PM
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Amazon.com Inc. is looking to sell investment-grade bonds for general corporate purposes, its second offering this year in the dollar market.
The online retail giant is issuing senior unsecured bonds in as many as five parts. The longest portion of the offering, a 10-year security, may yield 1.15 percentage points over Treasuries, according to a person with knowledge of the matter, who asked not to be identified as the details are private.
Proceeds may be used to repay debt as well as funding acquisitions and share buybacks, the person said. Amazon last sold bonds in April, raising $12.75 billion, which was the company's first offering in about a year at the time.
Barclays Plc, Bank of America Corp., JPMorgan Chase & Co and Societe Generale are managing the bond sale, the person said.
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