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Oracle exhausts $20 billion capital raising limit for 2027-2030 in a single day

Zero Hedge +2 · ·by G4L

ORCL Oracle Corp
$119.79 +3.18%
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  1. 1Oracle began a six-tranche sale of $10 billion in US investment-grade bonds this morning.
  2. 2Oracle announced last Wednesday that it would set a $20 billion limit for capital raises for the 2027-2030 period.
  3. 3Oracle shares fell more than 15% from their peak, returning to levels seen before Investor Day.

So what's the key point?

Oracle used up the entire amount it planned to raise for future funding in just one day. Oracle's stock price has fallen by more than 15% from its highest point.

Source Zero Hedge +2 · View original ↗

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