Amazon’s Makes $3 Billion In Rare Bond Offering
This week, Amazon.com was minting revenues through sales during Thanksgiving week, Black Friday, and Cyber Monday. The company also made a rare bond offering and they raised $3 billion for “general corporate purposes.”
About $1.16 billion of that money will be used to complete the purchase of their Seattle headquarters by the end of the year. The last time that Amazon.com made a bond offering was in May 1998.
That bond offering ended up being significantly turned since the company was rated “junk” though.
Analysts believe that Amazon.com is taking advantage of low interest rates in order to build up their cash reserves.@amitchowdhry or on Google+ at +AmitChowdhry