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Market Chatter: Amazon Said to Raise GBP4.25 Billion in Debut Sterling Bond Sale

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Amazon.com (AMZ.F) is set to raise 4.25 billion pounds sterling after bids for its first sterling bond reached 11.65 billion pounds, Bloomberg News reported Wednesday, citing a person familiar with the matter.

Pricing had reportedly been tightened to 53 basis points over UK government bonds for the shortest three-year tranche and to 93 basis points for the longest maturity.

"We regularly evaluate our operating plan and make financing decisions, like issuing bonds, accordingly. The proceeds from this issuance will be used for general corporate purposes, which may include, but are not limited to, supporting business investments, funding future capital expenditures, and repaying upcoming debt maturities," a spokesperson for the e-commerce giant toldearlier in the day.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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