The other day Amazon placed debt obligations at $ 16 billion to finance the purchase of the American supermarket chain Whole Foods. The maturity of Amazon bonds is 10 years, and the interest rate on them is 3.2% per annum. The latter number is especially interesting, Quartz Media says.
Cheaper than for Amazon loans now cost only five countries, including Germany, Canada and the United States. And for China, Mexico and Russia, the interest rate is already significantly higher - up to 7.8% for the latter.
Of course, comparing states and private companies is not entirely correct. But the story with Amazon perfectly demonstrates how easy it is to attract borrowed funds from US companies.
Even Tesla, in whose cars the money of investors is burned, recently attracted another portion of the loan at such a low interest that many experts had hair on their heads, 5.3% per annum for bonds rated B.
So Amazon, whose cash reserves already exceed $ 20 billion, did not hesitate to apply for borrowed funds. At the same time, the publication asserts, this deal speaks not only about the faith of investors in Amazon in general and in the purchase of Whole Foods in particular. Not so long ago, Donald Trump promised to lower taxes in order to stimulate the repatriation of the capitals of American companies. While the relevant laws are not adopted, so Amazon to finance the deal in the US preferred to borrow funds, rather than return to the country of their own.