People familiar with the matter said NVIDIA (NVDA.O) is marketing a multi-tranche investment-grade bond sale, its first in roughly five years, split into seven tranches with maturities from 2 to 30 years. Initial price talk for the longest-dated tranche is about 90bps over comparable U.S. Treasuries. Proceeds will be used for general corporate purposes, including repayment and refinancing of existing debt. The move comes as AI-focused firms, including Alphabet and Amazon, have raised hundreds of

People familiar with the matter said NVIDIA (NVDA.O) is marketing a multi-tranche investment-grade bond sale, its first in roughly five years, split into seven tranches with maturities from 2 to 30 years. Initial price talk for the longest-dated tranche is about 90bps over comparable U.S. Treasuries. Proceeds will be used for general corporate purposes, including repayment and refinancing of existing debt. The move comes as AI-focused firms, including Alphabet and Amazon, have raised hundreds of billions of dollars in the debt market since last year to build compute capacity, and investors have continued to absorb the new supply. NVIDIA last issued investment-grade bonds in June 2021, raising $5.0 billion.