Nvidia's first investment-grade bond issue in five years, with subscriptions reaching US$85 billion

On June 16, Nvidia is expected to raise US$25 billion through an investment-grade bond issuance on Monday, with subscription demand reaching more than three times the planned size of the offering, highlighting investors 'eagerness to get a piece of artificial intelligence. According to people familiar with the matter, the bond issuance attracted subscriptions of up to US$85 billion. Another person familiar with the matter said that the bonds that Nvidia will issue in seven batches will have a maturity ranging from 2 years to 30 years. People familiar with the matter said Nvidia's longer-term bond offering was priced at about 0.65 percentage points higher than U.S. Treasury yields. The person also said that the funds raised from this bond issuance will be used for refinancing existing debts and other purposes. This will be the first bond issued by Nvidia in five years.