Nvidia Sells $25B in Bonds, Second-Largest US High-Grade Deal of 2026
Nvidia raised $25 billion in investment-grade bonds on June 15, its first debt sale since 2021. The offering attracted $85 billion in orders and was upsized from an initial $20 billion target.
Nvidia ($NVDA) issued $25 billion in investment-grade bonds on June 15, marking its first debt offering since 2021. The deal ranks as the second-largest US high-grade bond sale of 2026, according to market reports.
Investor demand was strong, with orders totaling approximately $85 billion — more than three times the offering size. This allowed Nvidia to increase the issuance from an initial target of about $20 billion.
The move follows a broader trend among major tech companies using debt to finance AI infrastructure. Alphabet ($GOOGL), Amazon ($AMZN), Meta ($META), Oracle ($ORCL), and Salesforce ($CRM) have collectively raised roughly $132 billion in investment-grade bonds this year alone. Debt is becoming a key source of funding for AI-related capital expenditures.
Source: The Kobeissi Letter