See Amazon Concessions as Buying Opportunity, CreditSights’ Griffiths Says

Amazon.com Inc. bond concessions created by the company’s latest debt sale look like a buying opportunity, Zachary Griffiths, head of US IG & macro strategy at CreditSights, said on Bloomberg Real Yield. Amazon borrowed $25 billion in an eight-part offering that drew about $62 billion in peak investor demand, about half the orders it attracted for its prior $37 billion deal in March. The offering is adding pressure to the broader tech space, with the sector among the worst performers in the US high-grade secondary market, according to Bloomberg.