This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Oracle’s Bonds Tick Lower; CDS Spreads Rise to Its Highest Levels Since October 2023
October 30, 2025
Oracle’s 5Y CDS spreads have risen to 73bp, nearing its highest level since October 2023, as per Bloomberg.They note that the move has been driven by its massive investments in AI infrastructure, which is financed through significant borrowing. Morgan Stanley anticipates this trend will continue in the near term and projects Oracle’s net adjusted debt to more than double from about $100bn to nearly $290bn by fiscal year 2028. Their analysts suggested that investors buy CDS for protection, noting that “near-term credit deterioration and uncertainty” could spur more hedging activity. Banks are preparing a $38bn debt offering for Oracle to fund new data centers in Texas and Wisconsin, which is part of its broader $500bn “Stargate” AI infrastructure investment with OpenAI. With roughly $95bn in outstanding debt already, Oracle is the largest non-financial corporate issuer in the Bloomberg high-grade index.
Oracle’s bonds were trading lower by 0.7-0.8 points across the curve – for instance, its 4.9% 2033s were down 0.7 points to trade at 99.98, yielding 4.9%.
For more details, click here
Go back to Latest bond Market News
Related Posts:
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.