Amazon plans to borrow up to $42 billion in one of the biggest corporate bond sales ever

Amazon is reportedly planning one of the largest corporate bond sales, targeting between $37 billion and $42 billion. The company’s planned sale of bonds is spread across 11 different tranches, which means 11 groups of bonds with different maturity dates ranging from 2 years to 50 years. The longest bond in the offering won’t mature until 2076, as per a report by Bloomberg. The deal is being managed by four of Wall Street’s biggest banks: HSBC, Citigroup, Goldman Sachs, and JPMorgan Chase, the report added.

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