Technology

Amazon Kicks Off a Jumbo 7-Part Bond Sale Including 40-Year Debt

Amazon Kicks Off a Jumbo 7-Part Bond Sale Including 40-Year Debt

Amazon.com Inc. is selling $12.75 billion of investment-grade bonds for general corporate purposes that may include repaying debt as well as funding acquisitions and share buybacks in its first note sale in about a year. The online retail giant is selling senior unsecured bonds in seven parts. The longest portion of the offering, a 40-year security, will yield 1.3 percentage points over Treasuries after initial talks of around 1.55 percentage points.

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