The Netflix logo on a smartphone arranged in the Queens borough of New York City on March 26, 2024. Photographer: Gabby Jones/Bloomberg.
Netflix Inc. received more than $19 billion of orders for its first investment-grade bond sale, according to people with knowledge of the matter.
The streaming giant sold $1.8 billion of debt in two parts, according to a person familiar with the matter. The longer portion of the deal, a 30-year bond, yields 1 percentage point over Treasuries, said the person, who asked not to be identified as the details are private. Initial price talk was a premium of about 1.3 percentage points.
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