Five-year investment-grade bonds, extended to a 30-year term, with yields only 65 basis points higher than U.S. Treasuries—are the market treating Nvidia as a quasi-sovereign credit to buy?

CoinWorld news reports that Nvidia announced its first issuance of investment-grade bonds in five years. The company expects to raise $25 billion through this issuance, with subscription demand reaching more than three times the planned offering size, reflecting strong investor interest in artificial intelligence. According to people familiar with the matter, the subscription amount for this bond issuance reached as high as $85 billion, and the bond maturities will range from 2 years to 30 years. The yield on the longest-term bonds is priced at approximately 0.65 percentage points above U.S. Treasury yields, and the funds raised will be used for purposes such as refinancing existing debt.