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Market Chatter: ServiceNow US Bond Sale Draws $38 Billion of Investor Orders

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ServiceNow's (NOW) US bond sale has drawn over $38 billion of investor orders for the offering, allaying concerns about AI disruption, Bloomberg reported Tuesday, citing people with direct knowledge of the matter.

Prices on a bond due 2056 has tightened by 0.4 percentage point from earlier talk to 1.35 percentage point above Treasuries, a source told Bloomberg.

The bonds will be offered in five tranches, and proceeds will be used to repay debt related to the company's takeover of Armis, according to the report.

ServiceNow did not immediately respond to a request for comment from.

(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.)

Price: $89.17, Change: $-2.32, Percent Change: -2.54%

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