$7 billion

Amazon kicks off 5-part bond sale in second deal of 2022

Amazon.com Inc. is looking to sell investment-grade bonds for general corporate purposes, its second offering this year in the dollar market.

The online retail giant is issuing senior unsecured bonds in as many as five parts. The longest portion of the offering, a 10-year security, may yield 1.15 percentage points over Treasuries, according to a source.

The target size of the offering is $7 billion, but that could change, the person said. Proceeds may be used to repay debt as well as funding acquisitions and share buybacks, the person added. Amazon last sold bonds in April, raising $12.75 billion, which was the company’s first offering in about a year at the time. —