Nvidia may be planning for its first corporate bond sale since 2021, aims to raise …
Nvidia is preparing to launch its first corporate bond sale in nearly five years, aiming to raise a massive sum of at least $20 billion, a report has said. According to reports from Bloomberg News, the world’s leading AI chipmaker is looking to cash in on its popularity by tapping into the investment-grade debt market for the first time since June 2021, when it raised $5 billion.
Citing a preliminary regulatory prospectus filed with the US Securities and Exchange Commission (SEC), the report said that Wall Street heavyweights Goldman Sachs, JPMorgan Chase, and Morgan Stanley have been tapped to manage the multi-billion-dollar offering.
