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On Monday, Oracle made a significant financial move by issuing $25 billion in investment-grade bonds, with the primary goal of securing funds for the development of infrastructure crucial to its artificial intelligence endeavors. This issuance stands as the most substantial high-grade bond offering in the United States since Meta Platforms' $30 billion raise in the latter part of the previous year.
According to an individual with insider knowledge of the situation, Oracle had initially set its sights on borrowing between $20 billion and $25 billion. Additionally, the company anticipated raising a comparable sum through equity offerings. The source, who wished to remain anonymous due to not being authorized to disclose information publicly, shared these details.
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