US EditionAmazon Plans to Raise $15B in First Bond Sales Since 2022
Amazon's $12 billion bond sale attracted $80 billion in orders as it funds AI infrastructure, acquisitions, and share buybacks with six-part investment-grade notes.
- On Nov. 17, Amazon.com Inc. will sell investment-grade notes in multiple parts, seeking about $12 billion in its first U.S. dollar bond deal in about three years.
- Investing heavily in AI, Amazon.com Inc. has expanded funding flexibility by adding debt, with its cloud unit signing a $38 billion GPU deal with OpenAI, JPMorgan said last week.
- Underwriters Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley handled the sale, which drew about $80 billion of orders and saw 40-year bond pricing tighten from 1.15 to 0.85 above Treasuries.
- Proceeds may fund acquisitions, capital expenditures and share buybacks, Amazon said, while JPMorgan Chase expects AI-driven spending to push U.S. high-grade issuance to a record $1.81 trillion next year.
- Amazon's capex rose 61% to $34.2 billion in Q3, and its cloud unit's $38 billion deal with OpenAI links to global issuance topping more than $6 trillion this year.
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Amazon Raises $15 Billion In Oversubscribed Bond Sale Amid Surging AI Cost - Goldman Sachs Group (NYSE:GS), Amazon.com (NASDAQ:AMZN)
Amazon.com, Inc. (NASDAQ:AMZN) is raising $15 billion through its first U.S. dollar bond sale since 2021. Amazon Raises Cash As AI Spending Accelerates On Monday, the company launched a six-part bond offering, according to a filing with the Securities and Exchange Commission. The issuance included $2.5 billion each in 2028 and 2030 notes, $1.5 billion in 2033 notes, $3.5 billion in 2035 notes, $3 billion in 2055 notes and $2 billion in 2065 note…
Amazon seeks to raise $12 billion from US bond sale, Bloomberg News reports
Amazon plans to raise about $12 billion in corporate bonds, its first such deal in U.S. dollars in about three years, Bloomberg News reported on Monday, as big tech firms increase investments to build infrastructure for artificial intelligence.
Amazon returns to the debt market three years later. The U.S. e-commerce giant and cloud services has launched a bond issue of at least $12 billion (more than €10.350 million), and enters the career of big techs to attract new resources to finance their growth in the field of artificial intelligence. Continue reading
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