Amazon issues record-setting Canadian dollar-denominated corporate bond deal
The five-tranche sale drew strong demand as Amazon funds AI infrastructure spending that is expected to reach about $200 billion this year, analysts said.
- On Monday, Amazon.com Inc. raised C$14 billion in the largest corporate bond sale in Canadian history, surpassing Alphabet Inc.'s C$8.5 billion record from May.
- To fund the massive build-out of artificial intelligence infrastructure, Amazon requires significant capital, with spending expected to reach close to $200 billion this year on data centers and chips.
- Investors placed more than C$28 billion in orders for the offering, which consists of five tranches with maturities ranging from three to 30 years.
- Technical changes to the FTSE Canada Universe Bond Index since 2025 have expanded the 'maple market' by granting index-tracking funds access to foreign-issued Canadian dollar debt.
- Bloomberg Intelligence analysts Robert Schiffman and Alex Reid said the sale "suggests its AI investment is on a trajectory in 2027 that's meaningfully higher than the $200 billion anticipated in 2026.
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Amazon issues record-setting Canadian dollar-denominated corporate bond deal
Amazon has issued C$14 billion ($10.04 billion) of Canadian dollar-denominated notes, a final pricing term sheet filed with the SEC on Monday showed, marking a record size for the Canadian corporate bond market.
The Globe & Mail
Cryptocurrency News | Cryptocurrency Prices | Market CapAmazon to raise $14-billion in record-setting Canadian corporate bond offering
The maple bond market continues its record-breaking year, as foreign companies tap Canadian investors
Amazon raises C$14 billion in record Canadian dollar bond sale to fund AI spending
Amazon is raising C$14 billion, approximately $10 billion, from investment-grade bonds denominated in Canadian dollars, according to Bloomberg. The deal is the largest corporate bond offering ever in the currency, surpassing the C$8.5 billion Alphabet raised in Canadian dollars just one month ago. The offering consists of five tranches of senior unsecured notes with maturities […] This story continues at The Next Web
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