Amazon can borrow money more cheaply than Russia, Mexico and China (AMZN)
|08/20/2017||Posted by BusinessMediaguide.Com under General World News||
Amazon got a pretty sweet deal on its recent $16 billion debt financing.
The deal was so good, in fact, that a chunk of it ended up being better than what the governments of Russia, Mexico, Greece, Chile and China could’ve gotten, according to a report from Quartz’s John Detrixhe.
The offering priced on Tuesday amid strong demand from investors, the Wall Street Journal reported. The company sold a $3.5 billion tranche of 10-year bonds at a 0.9-percentage-point yield-premium to Treasurys, below guidance set by underwriters, according to the WSJ.