{"slug": "amd-looks-to-raise-us-4-billion-to-us-5-billion-in-debt-offering-source", "title": "AMD looks to raise US$4 billion to US$5 billion in debt offering: source", "summary": "Advanced Micro Devices (AMD) launched a four-part debt offering on Thursday (Aug 13) that could raise between US$4 billion and US$5 billion, according to a source and terms reviewed by Reuters, as the chipmaker seeks funding flexibility for AI-related investments. The offering includes senior unsecured notes due in 2029, 2031, 2033 and 2036, with initial price discussions set at 70 to 115 basis points over US Treasuries. AMD said it intends to use the proceeds for general corporate purposes, which may include debt repayment, and Bank of America, JPMorgan, Barclays and Wells Fargo are leading the sale.", "body_md": "# AMD looks to raise US$4 billion to US$5 billion in debt offering: source\n\nSemiconductor companies are increasingly turning to capital markets to fund AI-related investments\n\nADVANCED Micro Devices on Thursday (Aug 13) launched a four-part debt offering that could raise between US$4 billion and US$5 billion, according to a source and terms reviewed by Reuters, as the chipmaker seeks funding flexibility amid a broader wave of tech-sector fundraising driven by investments in AI.\n\nThe offering includes senior unsecured notes due in 2029, 2031, 2033 and 2036.\n\nInitial price discussions were set at about 70 basis points over US Treasuries for the 3-year notes, 90 basis points for the 5-year tranche, 100 basis points for the 7-year notes and 115 basis points for the 10-year debt.\n\nThe company said it intends to use the proceeds for general corporate purposes, which may include the repayment of debt.\n\n“AMD is committed to maintaining its strong financial balance sheet and we have strong investment grade ratings. We intend to leverage net proceeds from the offering for general corporate purposes,” an AMD spokesperson said.\n\nThe offering underscores how semiconductor companies are increasingly turning to capital markets as they race to fund AI-related investments, data-centre expansion and manufacturing projects.\n\nEarlier this week, [Intel raised US$20 billion in an upsized stock offering](https://www.businesstimes.com.sg/startups-tech/technology/intel-raises-us20-billion-upsized-share-sale) to help finance its contract chipmaking ambitions.\n\nAMD also filed with the US Securities and Exchange Commission earlier on Thursday in connection with the offering, though the filing did not disclose specific terms of the deal.\n\nThe debt sale comes as AMD continues to expand its AI and data-centre businesses, where it competes with larger rival Nvidia and challenges Intel across multiple processor markets.\n\nBank of America, JPMorgan, Barclays and Wells Fargo are leading the debt sale, according to the term sheet. The bonds are expected to settle on Aug 17.\n\nEarlier this month, AMD forecast third-quarter revenue above Wall Street estimates and said data-centre sales would more than double by 2027, underscoring strong demand for its AI-focused chips. REUTERS\n\nDecoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.\n\nShare with us your feedback on BT's products and services\n\n[TRENDING NOW](/pulse?ref=trending-now)\n\nThe S$1 million National Day paradox: ‘money dysmorphia’ amid a wealth surge\n\nSingapore at 61: How we can ensure opportunity, security and ownership for the next generation\n\nWhy Asean matters more than ever to the UK and Singapore\n\nWhen every phone becomes a satellite phone, what happens to Asia’s telcos?", "url": "https://wpnews.pro/news/amd-looks-to-raise-us-4-billion-to-us-5-billion-in-debt-offering-source", "canonical_source": "https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/amd-looks-raise-us4-billion-us5-billion-debt-offering-source", "published_at": "2026-08-13 22:34:57+00:00", "updated_at": "2026-08-13 23:08:14.740416+00:00", "lang": "en", "topics": ["ai-infrastructure", "ai-chips", "ai-policy"], "entities": ["Advanced Micro Devices", "Reuters", "Intel", "Nvidia", "Bank of America", "JPMorgan", "Barclays", "Wells Fargo"], "alternates": {"html": "https://wpnews.pro/news/amd-looks-to-raise-us-4-billion-to-us-5-billion-in-debt-offering-source", "markdown": "https://wpnews.pro/news/amd-looks-to-raise-us-4-billion-to-us-5-billion-in-debt-offering-source.md", "text": "https://wpnews.pro/news/amd-looks-to-raise-us-4-billion-to-us-5-billion-in-debt-offering-source.txt", "jsonld": "https://wpnews.pro/news/amd-looks-to-raise-us-4-billion-to-us-5-billion-in-debt-offering-source.jsonld"}}