Amazon secures record low borrowing costs

London/New York/San Francisco | Amazon locked in some of the lowest borrowing costs ever secured in the US corporate bond market on Monday (Tuesday AEST), underscoring the rise of the ecommerce giant during the coronavirus pandemic and the boost the Federal Reserve has provided through its historic interventions.

The company raised $US10 billion ($14.7 billion) in an offering that included three-year notes carrying an interest rate of just 0.4 per cent, according to people briefed on the matter.

Financial Times