Nvidia to raise US$20 billion in US bond issuance, source says

Nvidia will raise US$20 billion (HK$156 billion) through a U.S. bond issuance, a source told Reuters on Monday, joining a growing number of technology companies turning to the debt market as investments into AI accelerate.

The bonds consist of seven tranches of notes, maturing as late as 2056, according to a term sheet seen by Reuters.

Expensive AI infrastructure buildouts require a significant amount of capital, pushing big tech firms to use debt as a method of fulfilling their multi-billion dollar AI ambitions.

Goldman Sachs, J.P. Morgan and Morgan Stanley are the bookrunners for the raise.

Reuters

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