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Amazon.com Inc kicks off five-part bond sale in second deal of 2022

Proceeds may be used to repay debt as well as funding acquisitions and share buybacks, says source

Amazon has argued that terms agreed upon in its 2019 deal to pay US$192 million for a 49per cent stake in Future's gift voucher unit prevent its parent, Future Group, from selling its Future Retail Ltd business to Reliance. (Photo: Reuters)
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Photo: Reuters

Josyana Joshua and Brian Smith | Bloomberg
Amazon.com Inc. is looking to sell investment-grade bonds for general corporate purposes, its second offering this year in the dollar market.
 
The online retail giant is issuing senior unsecured bonds in as many as five parts. The longest portion of the offering, a 10-year security, may yield 1.15 percentage points over Treasuries, according to a person with knowledge of the matter, who asked not to be identified as the details are private.

The target size of the offering is $7 billion, but that could change, the person said. 

Proceeds may be used to repay debt as well as funding acquisitions and share

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