Nvidia Raises $25 Billion in Largest Ever Bond Sale

Nvidia Corp. raised $25 billion through a high-grade bond offering on June 15, 2026, marking its largest debt sale on record and first return to the market since 2021. The company initially targeted $20 billion, but increased the offering size to $25 billion after investor demand reached approximately $85 billion. The sale consists of seven tranches of senior notes with maturities ranging from two to 30 years, including notes maturing as late as 2056, with annual interest rates between 4.25% and 5.6%.

Nvidia intends to use the proceeds for general corporate purposes, including the refinancing of approximately $8.5 billion in existing notes. The move is designed to establish a liquid credit benchmark and maintain financial flexibility. This strategy allows the company to preserve cash reserves—reported at $50 billion in cash and marketable securities—while continuing aggressive shareholder returns, such as an $80 billion increase in repurchase authorization and raised quarterly dividends.

Proceeds may also support strategic AI partnerships and investments in firms like OpenAI and Anthropic PBC. The borrowing aligns with a broader industry trend where companies like Meta and Amazon are leveraging debt to build AI data centers. However, the International Monetary Fund and Bank of England have warned that this reliance on debt to fund AI infrastructure could create systemic risks similar to the dot-com bubble if demand wanes.