Two separate $10B moves
Oracle has started marketing $10 billion in investment-grade bonds. The company is running a separate $10 billion share offering alongside it. Both moves were disclosed in a filing with the US Securities and Exchange Commission (SEC).
Structure of the bonds
The sale is divided into six tranches. One tranche carries a floating interest rate and matures in 2029. The remaining five have fixed rates, with maturities running to 2029 and 2031.
Why it matters
An investment-grade rating means the bonds are classed among lower-risk debt. Large-scale borrowing and share sales like this are one of the routes companies use to fund long-term investments on their balance sheets.
Still unclear
The filing does not detail what the proceeds will be used for. Final pricing for the bonds and shares has not been announced.
