Amazon Raises $15 Billion in Bond Sale Amid Big Tech AI Infrastructure Race
Amazon has secured $15 billion through its first U.S. bond sale in three years, surpassing initial targets due to overwhelming investor demand. The tech giant's offering, managed by Goldman Sachs, JPMorgan Chase, and Morgan Stanley, included investment-grade notes with maturities ranging from short-term to 40 years.
The proceeds will fund corporate initiatives including acquisitions, capital expenditures, and debt repayment. This MOVE underscores the intensifying competition among Big Tech firms to secure funding for AI infrastructure, as demand for compute power and data centers surges.
Amazon's successful bond sale contrasts with its 2022 offering of $8.25 billion, reflecting improved market conditions. The company joins other tech giants in leveraging favorable environments to finance their AI ambitions.