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  • Amazon Secures Record Low 0.4% Interest in $10 Billion Debt Sale

    Amazon Secures Record Low 0.4% Interest in $10 Billion Debt Sale

    Amazon has just announced that it has acquired $10 billion in new debts to be used for general corporate expenditures. This debt consists of six tranches ranging from $1 billion to $2.5 billion each, with maturities lasting up to 50 years. One of the $1 billion tranches was oversubscribed and was thus able to be sold at an unprecedented 0.4% interest rate. The rest sold at rates between 0.8% and 2.5%, which is still relatively little interest for a company to pay at this time.

    Analysts credit Amazon’s excellent performance in the past few months for this record-breaking financing opportunity; the company’s stocks are currently worth $2,476.30 each and have risen nearly 40% so far this year.

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