Infineon Joins AI Funding Push With Rare Euro Debt Deal

Infineon Technologies AG drew solid bids for its first euro debt in a year as it joined tech borrowers seeking to fund ambitious artificial intelligence projects.

The German chipmaker raised €2 billion ($2.4 billion) across debt due in five, eight and 11 years, according to a person with knowledge of the deal. It pulled in more than €8 billion of combined orders across the tranches at the peak, giving a bid-to-cover ratio of more than four times the deal size, according to Bloomberg calculations. Demand dropped to around €5.1 billion by the time the deal priced.