Advanced Theory & Practice of Bonds

Recognized under IBF-FTS | 7-8 June 2022 | 12 CPD Hours

Comprehensive 2-day course on bonds designed for private bankers, wealth managers and advisors.

Amazon raised a record $18.5bn via an eight-part bond offering priced on Monday.

Amazon Issuance
The bonds have expected ratings of A1/AA- with the issuer rating upgraded to A1 from A2 on Monday by Moody’s. The offering received orders of almost $50bn, ~2.7x issue size. The 2Y tranche is a sustainability bond with proceeds, in whole or part, towards green or social Eligible Projects as defined in the prospectus. Proceeds from the other bonds will be used for general corporate purposes, which may include, but are not limited to, repayment of debt, share buybacks, acquisitions, investments, working capital, investments in subsidiaries, and capex. The 2Y tranche set the record for the lowest-ever spread over Treasuries. Here is a list of 2Y bonds issued at record low spreads over Treasuries:

amazon 2Y
 

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