Stocks
Amazon Targets Record Bond Sale Worth Up to $42 Billion
Amazon is reportedly planning to issue up to $42 billion in bonds. The move would be one of the largest bond sales by any company, surpassing some major countries' borrowing totals.
The news comes as Amazon continues to expand its business and invest in various projects, including cloud computing, advertising, and physical stores.
No details were provided on when the bond sale is expected to take place or how much of the $42 billion will be raised. The company's financial team has been working with banks and investment firms to structure the deal.