Amazon placed a record $ 18.5 billion in "bonds"

Bloomberg reported that online retailer Amazon has placed $ 18.5 billion in bonds, the largest bond sale in the company's history. The longest debt paper has a maturity period of 40 years. It is noted that such banks as Citigroup Inc., JPMorgan Chase & Co. Morgan Stanley and Wells Fargo & Co are engaged in the placement of securities, the publication reported. 

The funds raised will be used for general corporate purposes, including environmental and social projects. The publication recalled that earlier Amazon planned to sell shares in the amount of $ 15 billion. At the end of April, Amazon reported its financial results for 2020. The company's net profit was $ 26.9 billion, exceeding its volume in the previous three years.

Source: Bloomberg

Farid Akbarov