Nvidia raises $25B in bonds to meet demand

Nvidia has issued $25 billion in bonds in the U.S. market to meet the record-breaking demand of $85 billion, which exceeds its original target of $20 billion. The offering includes seven tranches maturing by 2056, and the company intends to use the proceeds for general purposes such as debt repayment and refinancing, with a focus on establishing a liquidity benchmark for its cost of credit. The majority of the demand came from domestic investors. This issuance marks a return to bond offerings after five years of the company's pause in issuing investment-grade bonds.

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