Chipmaker Nvidia seeks to raise over $25B in first bond deal since 2021
Debt sale set to test investor appetite for further exposure to AI sector amid a deluge of borrowing.
Chipmaker Nvidia is planning to sell $25 billion of investment-grade debt in the US on Monday, its first bond sale in five years, in a test of investor appetite for further exposure to the AI sector.
In a marquee seven-part bond offering, the company will issue a wide range of maturities from two years to 30 years, according to a term sheet seen by the FT.
The issuance was upsized from $20 billion after receiving more than $85 billion in orders by early afternoon in New York, according to people familiar with the deal.
This story was first published by Ars Technica. Read the original report