Amazon got a pretty sweet deal on its recent $16 billion debt financing.
The deal was so good, in fact, that a chunk of it ended up being better than what the governments of Russia, Mexico, Greece, Chile and China could've gotten, according to a report from Quartz's John Detrixhe.
The offering priced on Tuesday amid strong demand from investors, the Wall Street Journal reported .
The company sold a $3.5 billion tranche of 10-year bonds at a 0.9-percentage-point yield-premium to Treasurys, below guidance set by underwriters, according to the WSJ.
Given the 10-year Treasury is currently trading at around 2.27%, that makes for a yield on Amazon's debt of around 3.2%.
Detrixhe pointed out that while that's still more expensive than what borrowing costs in Germany, the US and Canada, it puts some other world powers to shame.