**[AMD Completes Largest USD Bond Issuance in History: Raises $4.75 Billion, Targeting AI Infrastructure Expansion]** BlockBeats News, August 14 – According to Reuters, AMD has completed a $4.75 billion four-part USD bond issuance, marking the largest USD bond financing in the company's history. The issuance includes senior unsecured notes maturing in 2029, 2031, 2033, and 2036. The 10-year bonds were priced at a spread of 90 basis points over U.S. Treasuries, narrowing approximately 25 basis points from the initial guidance, indicating strong investor demand. AMD stated that the funds raised from this bond issuance will be used for general corporate purposes, which may include debt repayment. As of June 27, AMD held approximately $13.1 billion in cash and short-term investments and maintained a high investment-grade credit rating. Therefore, this financing is not driven by liquidity pressures but rather aims to provide flexibility for future investments and financial planning. The bond issuance comes amid continued expansion in AI infrastructure investments. AMD is accelerating its efforts to grow its AI and data center businesses, competing with NVIDIA in the AI accelerator chip market. Recently, the company announced collaborations with Anthropic, Microsoft, and others, and plans to invest up to $5 billion in Anthropic. Market projections suggest that AMD's revenue could grow by 47% this year, exceeding $51 billion. The $4.75 billion financing significantly surpasses its previous investment-grade bond issuance of $1.5 billion in March 2025, reflecting the ongoing capital expansion phase within the AI industry supply chain. [Original Link]