Nvidia Prices $25 Billion Bond Deal on June 15, Drawing $85 Billion in Orders

Nvidia priced $25 billion of investment-grade bonds on June 15, 2026—its first bond sale since 2021—after attracting $85 billion in investor orders. Despite holding more than $13 billion in cash and cash equivalents and generating $49 billion in free cash flow in its latest quarter, the company opted for low-cost, long-dated debt to refine its capital structure and support a growing slate of AI investments. The proceeds are intended for general corporate purposes, including refinancing existing debt, rather than directly funding large-scale physical buildouts.