$25B debut bond, upsized from $20B, on like $89B of orders. people read that as pure bullish but honestly a company sitting on $100B+ cash raising that much debt is just locking in cheap money while it can, not desperation. it's a confidence signal from the credit side more than anything. the equity question is still whether $154 is fair for the actual business 🤔
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
