AMD to raise up to $5B in bond sale to fund AI expansion: Report

Tech Funding News · 2 months ago · 42

AMD began a four-part bond sale to fund AI and data center expansion, according to Bloomberg and Reuters. The offering is for $4 billion to $5 billion, with options at 3, 5, 7, and 10 years and pricing talks around 70 to 115 basis points over US Treasuries. If it raises the proceeds, AMD can invest in foundry capacity, packaging, and data center partnerships while also planning to repay $875 million of bonds due September 2026, shifting its funding approach toward capital markets.