INSUBCONTINENT EXCLUSIVE:
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 buybacks, the person added
10 companies looking to sell debt on Tuesday ahead of anticipated volatility over the next few days
Federal Reserve chairman Jerome Powell is scheduled to speak Wednesday, with key inflation data to follow Thursday and the employment report
Primary Market
The sale also comes as credit fundamentals create an optimistic backdrop for issuing debt
