Amazon Deal With All Tranches and Pricing

May 10th, 2021 7:18 pm | by John Jansen |

BFW 05/10 17:11 GUIDANCE: Amazon $Benchmark Debt Offering in 8 Parts
BFW 05/10 12:14 NEW DEAL: Amazon $Benchmark Debt Offering in 8 Parts (1)
BFW 05/10 12:03 NEW DEAL: Amazon $Benchmark Debt Offering in 8 Parts


LAUNCH: Amazon $18.5b Debt Offering in 8 Parts
2021-05-10 18:42:50.919 GMT

By Michael Gambale and Bloomberg Automation
(Bloomberg) — Deal launched.
* $1b 2Y Fixed (May 12, 2023) at +10
** Guidance +15a (+/-5), IPT +30 area
** MWC
** See security information: 2Y Fixed
* $2.5b 3Y Fixed (May 12, 2024) at +20
** Guidance +25a (+/-5), IPT +45 area
** MWC
** See security information: 3Y Fixed
* $2.75b 5Y Fixed (May 12, 2026) at +30
** Guidance +35a (+/-5), IPT +55 area
** 1-month par call, MWC
** See security information: 5Y Fixed
* $2.25b 7Y Fixed (May 12, 2028) at +40
** Guidance +45a (+/-5), IPT +65 area
** 2-month par call, MWC
** See security information: 7Y Fixed
* $3b 10Y Fixed (May 12, 2031) at +50
** Guidance +55a (+/-5), IPT +75 area
** 3-month par call, MWC
** See security information: 10Y Fixed
* $2b 20Y Fixed (May 12, 2041) at +70
** Guidance +75a (+/-5), IPT +90 area
** 6-month par call, MWC
** See security information: 20Y Fixed
* $3.25b 30Y Fixed (May 12, 2051) at +80
** Guidance +85a (+/-5), IPT +100 area
** 6-month par call, MWC
** See security information: 30Y Fixed
* $1.75b 40Y Fixed (May 12, 2061) at +95
** Guidance +100a (+/-5), IPT +115 area
** 6-month par call, MWC
** See security information: 40Y Fixed

* Issuer: Amazon.com Inc (AMZN)
* Exp. Ratings: A1/AA-
* Format: SEC registered, senior unsecured
* Settlement: May 12, 2021 (T+2)
* Denoms: 2k x 1k
* Bookrunners: Citi, JPM (B&D), MS, WFC
* JPM is Sustainability Structuring Agent
* 2Y tranche is sustainability bond
* UOP: General corporate purposes, which may include, but are
not limited to, repayment of debt, repurchases of outstanding
shares of common stock, acquisitions, investments, working
capital, investments in our subsidiaries, and capital
expenditures
** Sustainability tranche: To finance or refinance, in whole or
in part, green or social Eligible Projects, as defined in the
preliminary prospectus supplement
* Information from person familiar with the matter, who asked
not to be identified because they’re not authorized to speak
about it

See Bloomberg Intelligence Primer
See issuer debt profile: DDIS <GO>

To contact the reporter on this story:
Michael Gambale in New York at mgambale2@bloomberg.net

To view this story in Bloomberg click here:
https://blinks.bloomberg.com/news/stories/QSWMNEGFA9Z4

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