Amazon Raises $12.75bn via 7-Part Jumbo
Amazon raised $12.75bn via a jumbo seven-part offering. Details are given in the table below: The bonds are rated A1/AA and peak orders stood at $40bn, 3.1x issue size. Bloomberg notes that Amazon had guided for an issue size of $10-12bn. Proceeds will be used for...
Amazon Plans $10bn Stock Buyback and 20-for-1 Stock Split
Amazon said that it plans to split its stock for the first time in more than two decades with a 20-for-1 split. Amazon last executed stock splits in the first couple of years following its 1997 IPO. Amazon said that the split was aimed at giving employees “more...
Future Retail, Amazon Plan Out-of-Court Settlement Talks
Future Retail and Amazon’s lawyers have agreed to initiate talks for an out-of-court settlement to break the impasse regarding the sale of the troubled Indian retailer to Reliance Retail. With the dispute being adjourned in court for 10 days, the chief justice...
