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Home / Business / Netflix plans $ 2 billion bond offerings to finance content, production and potential deals

Netflix plans $ 2 billion bond offerings to finance content, production and potential deals



Streaming giants Netflix Inc.

NFLX, -0.51%

said Monday that it is planning a $ 2 billion bond offer as it seeks to raise funds to fund content collection, production and development and potential acquisitions, among other factors. The company said it plans to issue bonds in dollars and euros. The company's most active bonds, the 5.875% note maturing in November 2028, on Friday traded a spread of 271 basis points over comparable Treasurys, according to MarketAxess. Shares fell 0.9% in premarket trading, but up 2.9% in 201

9, while S&P 500

SPX, + 0.40%

has received 19%.


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