Advanced Micro Devices (AMD) Stock: Chipmaker Plans Up to $5 Billion Bond Sale

TLDR

• AMD is launching a bond offering that could raise between $4 billion and $5 billion.
• The debt is split into four tranches with maturities of 3, 5, 7, and 10 years.
• Proceeds will go toward general corporate purposes, including possible debt repayment.
• AMD has $875 million in bonds maturing next month.
• The move follows AMD deals with Anthropic and Microsoft to expand its AI chip business.

AMD launched a major bond sale on Thursday, looking to raise as much as $5 billion in what could be its biggest-ever investment-grade debt offering.

Advanced Micro Devices, Inc., AMD

The chipmaker filed with the U.S. Securities and Exchange Commission earlier in the day in connection with the deal, though the filing did not include specific terms.

AMD is selling senior unsecured notes in four tranches, with maturities in 2029, 2031, 2033, and 2036. Initial price talk was set at around 70 basis points over U.S. Treasuries for the 3-year notes, 90 basis points for the 5-year, 100 basis points for the 7-year, and 115 basis points for the 10-year debt.

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