NVIDIA is expected to raise about $25bn through an investment-grade bond offering, with subscription demand said to exceed three times the planned size and reach roughly $85bn, people familiar with the matter said. The sale will be split into seven tranches maturing from two to 30 years. The longest-dated tranche was priced at about 65bps over U.S. Treasury yields, the sources said. Proceeds will be used to refinance existing debt and for other corporate purposes. This would be NVIDIA’s first in

NVIDIA is expected to raise about $25bn through an investment-grade bond offering, with subscription demand said to exceed three times the planned size and reach roughly $85bn, people familiar with the matter said. The sale will be split into seven tranches maturing from two to 30 years. The longest-dated tranche was priced at about 65bps over U.S. Treasury yields, the sources said. Proceeds will be used to refinance existing debt and for other corporate purposes. This would be NVIDIA’s first investment-grade bond issue in five years.