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Amazon Can Borrow Money Cheaper Than Other Governments

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On Sunday, Business Insider reports about Amazon's great new deal on its $16 billion debt financing. According to the Wall Street Journal, the company sold $3.5 million of 10 year bonds in order to get a yield of debt of 3.2%. While the borrowing cost is still more than governments in the US and Germany. It puts can borrow money more cheaply than other governments such as Russia, Mexico, and China. Amazon plans to use the $16 billion it raised to pay for its recent $13.7 billion acquisition of Whole Foods. http://www.businessinsider.com/amazon... http://www.wochit.com This video was produced by YT Wochit Business using http://wochit.com


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