Amazon Kicks Off First US High-Grade Bond Sale in Three Years
Tiger Newspress11-17
Amazon.com. Inc. kicked off a US dollar corporate bond offering Monday, its first such deal in about three years.
Amazon is selling the debt in as many as six parts, according to a person with knowledge of the matter who asked not to be identified discussing private details. Initial price discussions for the longest portion of the deal, a 40-year bond, are about 1.15 percentage points above Treasuries, the person added.
Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley are managing the bond sale.
Proceeds are for general corporate purposes, which may include the repayment of debt, acquisitions and investments, said the person.
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