Regulatory documents disclosed on Monday show that Oracle plans to raise $20 billion by issuing bonds and selling stocks. The software giant is seeking funds from investors to support its costly initiatives in artificial intelligence and cloud infrastructure.

Oracle stated that the funds raised this time will be used for general corporate purposes, including capital expenditures, debt repayment, acquisitions, dividend distribution, and stock repurchases.

This financing highlights Oracle's investment scale in the field of artificial intelligence. The company is striving to achieve revenue growth of more than three times its current level by the fiscal year 2030. Oracle stated last week that capital expenditures will peak this fiscal year and in the next fiscal year, and pledged to raise an additional $20 billion by the fiscal year 2030, which will be dedicated to the field of artificial intelligence.

As of August 31, Oracle's total notes payable and other borrowings amounted to $125.34 billion; in contrast, its revenue for the fiscal year 2026 was $67.36 billion. The company expects that by the fiscal year 2030, its revenue will exceed $225 billion, and its adjusted earnings per share will exceed $21.

This bond issuance consists of six tranches, with maturity dates ranging from 2029 to 2046, including one floating-rate tranche and five fixed-rate tranches. Currently, the interest rates, prices, and related number of shares have not yet been determined.

Investors are closely monitoring Oracle's spending in artificial intelligence because the company's revenue from its cloud business is not on par with competitors such as Microsoft and Amazon, and it also has a close business association with OpenAI – which is the developer of ChatGPT and is currently still in a loss-making state.