Oracle raises US$25bn in bond offering as AI funding spree continues
Oracle stepped back into the US high-grade market on Monday to raise US$25bn as part of a larger US$50bn debt and equity financing as the enterprise software company seeks to hold on to its investment-grade rating amid massive fundraising efforts to build out its AI business.
Oracle flips switch on US$5bn mandatory convert
Oracle has started marketing a US$5bn mandatory convertible preferred that is part of a US$50bn debt and equity financing package aimed preserving the Texas-based hyperscaler's investment-grade credit rating amid massive AI spending.
Prasad Gollakota
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Oracle stepped back into the US high-grade market on Monday to raise US$25bn as part of a larger US$50bn debt and equity financing as the enterprise software company seeks to hold on to its investment-grade rating amid massive fundraising efforts to build out its AI business.
Volvo Treasury, the internal bank of Swedish truckmaker Volvo Group, became the first Nordic corporate issuer to tap the Swiss franc market since 2011 on Monday when it priced its debut in the currency, a SFr350m (US$448m) dual-tranche deal.
NextEra Energy is looking to bring its first senior bond deal to the euro market through a dual-tranche offering.
Oracle is raising up to US$50bn from investors, as the beleaguered cloud computing provider seeks to address growing concerns over the gargantuan amounts of debt it is taking on to fulfil commitments made to hyperscaler clients such as OpenAI.
A group of investors in Ethiopia's only outstanding bond are taking legal action to enforce payment after a proposed debt restructuring deal they struck with the government in January was batted back by the African sovereign's official creditors, who said it did not meet comparability requirements under the G20's Common Framework.
Sao Paulo water utility Sabesp has delivered a landmark for Latin American sustainable finance, issuing by far the largest blue bond yet while showcasing what bankers say is a fast-emerging way to bring bond investors into multilateral A/B lending structures that have been traditionally dominated by banks.
US auto ABS from Ford Motor and General Motors could be partially displaced by cheaper deposit funding once the automakers' planned banks are up and running.
Vertical Bridge is returning to the ABS primary market with a US$1.66bn securitisation backed by a portfolio of wireless cell towers it oversees and that has increased significantly following a lease-backed deal with Verizon.
High Ridge has lined up its first aircraft securitisation, aiming to take advantage of improved funding conditions and robust demand from airlines that are trying to accommodate increasing ridership around the world.
CAF – Development Bank of Latin America and the Caribbean has become the first multilateral development bank to apply the United Nations Children’s Fund’s Child-Lens Investing Framework to its bond issues.
Sao Paulo water utility Sabesp has delivered a landmark for Latin American sustainable finance, issuing by far the largest blue bond yet while showcasing what bankers say is a fast-emerging way to bring bond investors into multilateral A/B lending structures that have been traditionally dominated by banks.
The bond market is gearing up to test the transition label with the next generation of deals set to be supported by new guidance and principles that will introduce the concept of "carbon lock-in" to the wider capital markets.
One of the UK’s largest pension schemes is set to put as much as £1bn into an innovative transition credit fund from Axa Investment Managers, highlighting continuing appetite among asset owners for ESG investing despite the unsupportive political environment.
Oracle has started marketing a US$5bn mandatory convertible preferred that is part of a US$50bn debt and equity financing package aimed preserving the Texas-based hyperscaler's investment-grade credit rating amid massive AI spending.
Shenzhen-listed Muyuan Foods is planning to price its Hong Kong listing at the maximum offer price to raise HK$10.7bn (US$1.37bn), said people with knowledge of the matter.
Kuwaiti convenience store operator Trolley has launched its around US$175m IPO that will allow it to list ahead of Eid al-Fitr in March.
Solv Energy pre-filed launch terms Friday with the SEC outlining a US$512.5m all-primary Nasdaq IPO, providing it with a contingency to regulatory flexibility given the US government shutdown.
Oracle is raising up to US$50bn from investors, as the beleaguered cloud computing provider seeks to address growing concerns over the gargantuan amounts of debt it is taking on to fulfil commitments made to hyperscaler clients such as OpenAI.
Sponsors of the world’s largest leveraged buyout – the US$55bn acquisition of US video game giant Electronic Arts – are seeking commitments from lenders in Asia Pacific for a portion of the massive financing backing the deal.
A sudden souring in the software sector caused Belgium-headquartered technology company Team.blue and Italian healthcare software company Dedalus to hit the stop button last week on exercises to reprice term loan Bs.
Borrowers have swarmed over the European leveraged loan market but the extreme bias towards repricings and refinancings over new money means the tussle between supply and demand has only swung further in issuers’ favour.
Repricings are again setting the tone in the US leveraged loan market, as borrowers move quickly to cut borrowing costs amid white-hot investor demand and a still-limited flow of new money M&A and leveraged buyout financings.
Out of fuel
For all the excitement generated by a relatively decent start in the European IPO market – not to mention the prospect of jumbo IPOs from the likes of SpaceX, OpenAI and Anthropic in the US – a look at the wider picture when it comes to European ECM would still be enough to depress even the most excitable syndicate banker.
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Read the latest stories from the magazine IFR 2618 - 31 Jan 2026 - 6 Feb 2026
31 Jan 2026 - 6 Feb 2026