Oracle looks to raise $15 billion from corporate bond sale

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rel=”dofollow” href=”https://economictimes.indiatimes.com/oracle-financial-services-software-ltd/stocks/companyid-3160.cms” target=”_blank”>Oracle is seeking to borrow $15 billion from the US investment-grade bond market on Wednesday, according to people familiar with the matter.

The software maker is selling debt in as many as seven parts, including a rare 40-year bond, the people said, asking not to be identified discussing private details. Initial price discussions for that portion of the deal are in the area of 1.65 percentage point above similarly dated Treasuries.

The deal comes as Oracle begins to fulfill massive cloud infrastructure deals with OpenAI and Meta Platforms Inc., which…



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Oracle looks to raise $15 billion from corporate bond sale



rel=”dofollow” href=”https://economictimes.indiatimes.com/oracle-financial-services-software-ltd/stocks/companyid-3160.cms” target=”_blank”>Oracle is seeking to borrow $15 billion from the US investment-grade bond market on Wednesday, according to people familiar with the matter.

The software maker is selling debt in as many as seven parts, including a rare 40-year bond, the people said, asking not to be identified discussing private details. Initial price discussions for that portion of the deal are in the area of 1.65 percentage point above similarly dated Treasuries.

The deal comes as Oracle begins to fulfill massive cloud infrastructure deals with OpenAI and Meta Platforms Inc., which…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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