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Amazon Prices £4.25 Billion Sterling Bond; Annual Interest Is £249.5 Million
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Amazon Prices £4.25 Billion Sterling Bond; Annual Interest Is £249.5 Million
Amazon has priced £4.25 billion of sterling bonds in four parts, creating £249.5 million of annual cash interest before fees and any currency effects. The September 11 prospectus sets maturities from 2029 to 2045, with delivery expected on September 14. At the £1=$1.353 exchange rate recorded near Friday’s U.S. close, the principal was worth about…
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