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Amazon aims to raise $25 billion from bond sale, Bloomberg News reports
Amazon plans to use the proceeds for general corporate purposes, including future capital expenditures and debt repayment, as AI spending rises to $200 billion this year.
- 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 seeks to capture at least US$25 billion by issuing debt securities (bonds) in dollars, marking its latest large-scale operation while the technology giant intensifies spending on artificial intelligence infrastructure (AI). The volume of supply can increase depending on the demand of investors, according to people who know the subject, who added that no final decision was made. The operation would also raise the total debt issues related …
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Coverage Details
Total News Sources12
Leaning Left2Leaning Right3Center5Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 20%
C 50%
R 30%
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