Nvidia is looking to sell at least $20 billion of bonds on Monday, marking its first debt sale in five years as the chipmaking giant leans further into the artificial intelligence investment boom.
The company is offering notes in seven parts, with maturities ranging from two years to 30 years. The longest dated portion is being discussed at about 0.9 percentage point above Treasuries, according to a Bloomberg report.
Proceeds from the sale are expected to be used for general corporate purposes, including the repayment and refinancing of outstanding debt. The deal could still be increased depending on investor demand.
The offering comes as Big Tech companies flood debt markets to fund the infrastructure needed for AI, from data centers to cloud capacity and model development.
Alphabet and Amazon have already tapped bond buyers this year as the industry races to expand compute capacity.
