Amazon aims to raise $25 billion from bond sale, Bloomberg News reports
The eight-part offering follows $54 billion in bond sales earlier this year and could grow if investor demand is strong, sources said.
- On Tuesday, Amazon disclosed plans for at least $25 billion in U.S. dollar bond sales to fund artificial intelligence infrastructure, Bloomberg News reported.
- Big Tech companies are projected to spend more than $700 billion on AI this year, with Amazon already raising roughly $54 billion in Europe and Canada to maintain its technological lead.
- CEO Andy Jassy defended the spending, calling AI a "once-in-a-lifetime opportunity" that requires big bets, while an Amazon spokesperson stated the company regularly evaluates its financing decisions.
- Barclays, Goldman Sachs, and Morgan Stanley will manage the eight-part offering, which marks Amazon's final debt raise of the year.
- Google-Parent Alphabet and Facebook-parent Meta have also turned to debt markets; Alphabet announced plans last month to raise $85 billion, highlighting the sector-wide capital push.
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Amazon Is Borrowing Another $25 Billion for AI, and Promises This Is the Last Time This Year
On CNBC this morning, David Faber walked through the bond deal of the day with Jim Cramer, and the numbers do a lot of the talking. Amazon (NASDAQ:AMZN | AMZN Price Prediction) is tapping the US dollar investment-grade market for $25 billion across multiple tranches, some stretching out to 40 years. That comes on top ... Amazon Is Borrowing Another $25 Billion for AI, and Promises This Is the Last Time This Year
(San Francisco = Yonhap News) Correspondent Kwon Young-jeon = Amazon, the world's largest cloud company, is once again issuing large-scale bonds to finance investment in artificial intelligence (AI) infrastructure...
Amazon considers $25B debt sale to fund AI
Amazon is preparing to borrow $25 billion or more in the U.S. bond market, adding to a wave of jumbo debt financing as the world’s largest technology companies race to build artificial intelligence infrastructure, Bloomberg reports. The e-commerce and cloud computing giant has already raised more than $82 billion in investment-grade bonds across several currencies...
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