Amazon Bond Sale and Market Caution Commentary

2 months ago

Norah

"Let's look at shares of Amazon. It's ticker AMZN. We're seeing shares of Amazon sliding with the broader market. Shares down as much as 2.3%. But we did get some news that Amazon is seeking to raise about 12 billion through a bond sale. This is the first deal in US dollars that we've seen in about three years from the company. And this really just comes as we've really been seeing a wave of massive tech debt offerings."

The commentary highlights that Amazon is raising $12 billion via a bond sale amid a surge in tech debt offerings, a move that comes as its shares slide by 2.3%, suggesting market caution despite year-to-date gains.

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