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Announced Tue, 7 Jul · 20:24 IST
Amazon aims to raise $25 billion from bond sale, Bloomberg News reports
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Amazon is planning to raise about $25 billion through a bond sale, marking a significant shift as Silicon Valley tech giants increasingly turn to debt markets to fund massive AI infrastructure investments. The company filed for an eight-part offering of floating and fixed-rate senior unsecured notes with maturities ranging from three to 40 years, with Barclays, Goldman Sachs, J.P. Morgan and Morgan Stanley as joint book-running managers. Big Tech, including Amazon, Alphabet, Microsoft and Meta, are expected to spend over $700 billion on AI this year.