Amazon’s $15 Billion Bond Sale Fuels AI and Infrastructure Push Amid Stock Dip
Amazon.com Inc. saw its shares decline as the tech giant launched its first dollar-denominated bond offering in three years. The $15 billion debt sale, $3 billion above initial estimates, will fund artificial intelligence initiatives, infrastructure expansion, and debt refinancing. The MOVE follows similar capital raises by Alphabet Inc. and Meta Platforms Inc. this year.
Pricing tightened on the 40-year tranche of Amazon's investment-grade offering, with spreads narrowing to 85 basis points over Treasuries from initial guidance of 115. The company's cloud division shows renewed momentum, with Amazon Web Services posting its fastest growth since 2022 and securing a $38 billion partnership with OpenAI.