Amazon will raise $15 billion through its first U.S. dollar bond sale in three years, according to a Monday filing with the Securities and Exchange Commission, as major technology companies increasingly turn to large-scale debt to finance fast-growing artificial intelligence infrastructure, reports Reuters.
The company launched a six-part bond offering, with proceeds available for acquisitions, capital expenditures and share buybacks. Investor appetite was strong, with the sale attracting about $80 billion in orders, Bloomberg News reported.
Pricing tightened substantially during negotiations, with the longest tranche — a 40-year bond — narrowing to 0.85 percentage point above U.S. Treasuries, compared with initial guidance of 1.15 percentage points.
Amazon’s move comes amid a surge in borrowing across the tech sector. Meta Platforms last month announced its largest-ever bond offering of up to $30 billion, while Oracle is reportedly preparing to raise $15 billion to expand its cloud infrastructure.
Tech giants including Amazon, Meta and Alphabet are expected to spend a combined $400 billion on AI infrastructure in 2025, according to Morgan Stanley. Amazon itself is sharply increasing its AI investment, with capital expenditures forecast to reach about $125 billion this year and grow further in 2026.
The company also recently announced a $38 billion partnership with OpenAI, aimed at strengthening its cloud division AWS after losing competitive ground to Microsoft and Google in the AI race.
Bd-pratidin English/ Jisan
