Nvidia is preparing its first corporate bond sale since 2021, according to multiple reports citing people with direct knowledge of the matter. The company is seeking to raise at least $20 billion, with some reports describing figures of $20 billion to $25 billion, depending on the deal size being marketed. The offering is structured into seven tranches, with bond maturities spanning from about two years to as long as 30 years. Several outlets report that the bond marketing includes this range of maturities and that the deal’s structure is reflected in regulatory documentation. The reports indicate the issuance is designed to provide longer-term funding and may support refinancing of existing obligations, though the specific use of proceeds is not detailed consistently across all sources. Overall, the coverage agrees on the timing (first corporate bond sale since 2021), the scale (at least $20 billion), and the multi-tranche format with maturities across a wide spectrum.