Historical bond coupons
Inspect selected Amazon and Oracle tranches by approximate original horizon. Coupons are not current yields.
Coupons on 12 selected Amazon and Oracle USD tranches, by original years to maturity. Coupons are not current yields.
12 tranches · dated 2025 observations
Approximate years run from the recorded event date to stated maturity. Selected tranches only.
12 fixed-rate USD tranches from two 2025 hyperscaler bond packages, plotted by coupon against approximate years to maturity at issue.
Amazon’s 6 tranches climb from 3.9% at 3 years to 5.55% at 40 years: longer money costs more, as a normal curve would suggest.
Oracle’s 6 tranches run from 4.45% at 5 years to 6.1% at 40 years, priced two months earlier.
Where both priced the same horizon, Oracle’s coupon is higher each time: 5y +35bp, 10y +55bp, 30y +50bp, 40y +55bp. The packages priced two months apart, so market moves are part of the gap.
Coupons are fixed at issue. They are not current yields and do not show either company’s cost of borrowing today. Open any dot for the tranche’s record and source.
Coupon and original horizon.
Each dot links to its parent package. Horizons are arithmetic from the recorded event and maturity dates, rounded to one decimal; Oracle’s month-precision dates are retained. A pricing or announcement date is not settlement. This is not a current yield curve, a fair-value estimate or a direct comparison of funding costs.
| Issuer / parent package | Recorded event | Currency | Fixed coupon | Maturity | Approx. horizon | Tranche source |
|---|---|---|---|---|---|---|
| Amazon | 2025-11-17 | USD | 3.9% | 2028-11-20 | ≈3.0 years | Amazon November 2025 final pricing term sheet ↗ |
| Amazon | 2025-11-17 | USD | 4.1% | 2030-11-20 | ≈5.0 years | Amazon November 2025 final pricing term sheet ↗ |
| Amazon | 2025-11-17 | USD | 4.35% | 2033-03-20 | ≈7.3 years | Amazon November 2025 final pricing term sheet ↗ |
| Amazon | 2025-11-17 | USD | 4.65% | 2035-11-20 | ≈10.0 years | Amazon November 2025 final pricing term sheet ↗ |
| Amazon | 2025-11-17 | USD | 5.45% | 2055-11-20 | ≈30.0 years | Amazon November 2025 final pricing term sheet ↗ |
| Amazon | 2025-11-17 | USD | 5.55% | 2065-11-20 | ≈40.0 years | Amazon November 2025 final pricing term sheet ↗ |
| Oracle | 2025-09 | USD | 4.45% | 2030-09 | ≈5.0 years | Oracle Q2 FY2026 Form 10-Q ↗ |
| Oracle | 2025-09 | USD | 4.8% | 2032-09 | ≈7.0 years | Oracle Q2 FY2026 Form 10-Q ↗ |
| Oracle | 2025-09 | USD | 5.2% | 2035-09 | ≈10.0 years | Oracle Q2 FY2026 Form 10-Q ↗ |
| Oracle | 2025-09 | USD | 5.875% | 2045-09 | ≈20.0 years | Oracle Q2 FY2026 Form 10-Q ↗ |
| Oracle | 2025-09 | USD | 5.95% | 2055-09 | ≈30.0 years | Oracle Q2 FY2026 Form 10-Q ↗ |
| Oracle | 2025-09 | USD | 6.1% | 2065-09 | ≈40.0 years | Oracle Q2 FY2026 Form 10-Q ↗ |
Parent-package amounts and component tranches overlap. Corporate proceeds are not assumed to fund data centres exclusively. Issue price, fees, benchmark curves, hedges and repayment timing are needed for a financing-cost comparison.
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