Nvidia is preparing a corporate bond offering expected to raise at least $20 billion, its first such sale since 2021, according to people familiar with the matter cited by Bloomberg. The company is marketing notes in seven tranches, with maturities spanning from two years to 30 years, covering short- to long-term funding needs. Bloomberg reports that the offering is being structured to include multiple debt segments, rather than a single maturity date, and that the company is still in the process of preparing the transaction. The Next Web also reports that the deal structure is confirmed in a regulatory filing, matching the seven-tranche design and the two- to 30-year maturity range. Seeking Alpha similarly states that Nvidia plans to raise at least $20 billion from the bond offering, reflecting the same core figure. Times of India adds that the move could be aimed at refinancing existing debt and securing long-term funding, though these motivations are described as expectations rather than confirmed deal terms. Overall, sources agree on the size target, timing relative to the last issuance, and the tranche and maturity layout.