Nvidia Raises $25 Billion in Bonds — Largest Single Debt Deal in Company History, With $85B in Orders at 3.4× Oversubscription

Nvidia launched a $25 billion bond offering on June 15 — its first corporate bond since 2021 and the largest in its history — boosted from an initial $20 billion target after investor orders surpassed $85 billion across seven tranches maturing between two and thirty years. The 30-year note priced at 65 basis points over Treasuries, tightening from initial guidance of roughly 90 basis points, with Goldman Sachs, JPMorgan, and Morgan Stanley managing the deal. Proceeds will fund data center and AI infrastructure expansion, and the blowout demand signals multi-decade investor conviction in AI compute buildout as Nvidia prepares for continued Blackwell and Vera Rubin platform deployment.