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Benzinga
Benzinga
Business
Anusuya Lahiri

Oracle Stock Slips As Company Taps Debt Market For AI Infrastructure Spending: Report

Oracle Cloud Infrastructure

Oracle (NYSE:ORCL) stock slipped after it moved to raise $15 billion in the U.S. investment-grade bond market on Wednesday, according to people familiar with the transaction.

The company offers debt in as many as seven tranches, including a rare 40-year bond. Early price talks pegged the long-dated security at about 1.65 percentage points above Treasuries of similar maturity, Bloomberg reported, citing unnamed sources familiar with the matter.

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