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Amazon can borrow money more cheaply than Russia, Mexico and China (AMZN)





Jeff Bezos, founder and CEO Amazon.com

Amazon got a pretty sweet deal on its recent $16 billion debt financing.

The deal was so good, in fact, that a chunk of it ended up being better than what the governments of Russia, Mexico, Greece, Chile and China could’ve gotten, according to a report from Quartz’s John Detrixhe.

The offering priced on Tuesday amid strong demand from investors, the Wall Street Journal reported. The company sold a $3.5 billion tranche of 10-year bonds at a 0.9-percentage-point yield-premium to Treasurys, below guidance set by underwriters, according to the WSJ.

Given the 10-year Treasury is currently trading at around read more >>>

Source:: BusinessInsider.Com

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