Nvidia is tapping the bond market for the first time in five years, and investors are lining up like it’s a GPU drop day. The chipmaker launched an investment-grade bond sale on June 15, drawing approximately $85 billion in orders shortly after the offering went live.
The offering comprises seven tranches of notes with maturities stretching from two years all the way out to 2056.
What Nvidia is actually doing here
The bond sale marks Nvidia’s first foray into investment-grade debt since June 2021, when it raised $5 billion. This time around, the ambitions are significantly larger, with the company looking to raise at least $20 billion through the issuance.
The proceeds are earmarked for general corporate purposes, which could include refinancing existing debts.
