Market Chatter: Amazon.com Reportedly Preparing Eight-Part Bond Sale
10:26 AM EDT, 05/10/2021 (MT Newswires) -- Amazon.com (AMZN) is reportedly selling an eight-part bond to refinance debt and repurchase stocks, Bloomberg News reported, citing an unnamed person with knowledge of the matter.
The longest portion of the debt was reportedly a 40-year security, which is expected to yield about 115 basis points over treasuries, Bloomberg reported.
Proceeds are earmarked for general corporate purposes, including acquisitions and working capital. The two-year bond will be distributed to qualified green or social projects, such as clean transportation, renewable energy and sustainable buildings, according to Bloomberg, citing bond documents.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)