(Update with Amazon's response to a request for a comment in the last paragraph.)
Amazon.com (AMZN) is set to raise C$14 billion ($10 billion) from its investment-grade Canadian dollar bond sale, the largest such offering on record, Bloomberg reported Monday, citing people with knowledge of the matter.
The tech giant is offering senior unsecured notes in five parts, with maturities ranging from three to 30 years, the report said, citing the people.
"We regularly evaluate our operating plan and make financing decisions, like entering into a credit agreement or issuing bonds, accordingly," Amazon said in a statement. "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 debt."
(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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