Amazon is preparing to secure $15 billion through its first U.S. dollar bond issuance since 2021, according to a filing submitted Monday to the Securities and Exchange Commission.
The move comes as major technology companies accelerate their spending on artificial intelligence infrastructure and seek large pools of capital to keep pace with soaring computational needs.
The tech sector has increasingly relied on massive debt offerings—often in the tens of billions—to scale the data centers, networking systems, and power-intensive facilities required to support expanding AI workloads.
Earlier Monday, the e-commerce giant outlined plans for a six-tranche bond issue. The funds raised could be directed toward a wide range of uses, including corporate acquisitions, investments in facilities, and stock repurchase programs.
Reports from Bloomberg News indicated that investor appetite was substantial, with total demand for the bonds climbing to roughly $80 billion at its height.
The publication also noted that pricing discussions for the deal’s longest maturity, a 40-year note, narrowed significantly—from an initial spread of 1.15 percentage point above Treasuries to 0.85 percentage point.
Expanding AI Investments Across Big Tech
The company’s fundraising effort follows a broader trend within the industry. Meta Platforms, revealed in October that it plans its largest-ever bond sale of as much as $30 billion.
Around the same time, cloud-computing and enterprise software provider Oracle, was also said to be preparing a $15 billion bond issuance.
Analysts at Morgan Stanley expect key players such as Meta, Amazon, and Alphabet, to collectively invest approximately $400 billion in AI-focused buildouts before the end of the year.
Amazon itself has sharply increased its own AI-related capital commitments.
Its overall capital expenditure is projected to reach around $125 billion this year, with even higher spending anticipated in the following year as it expands data center capacity and strengthens its cloud offerings.
One of its most significant recent steps was the announcement of a $38 billion arrangement with OpenAI.
The deal is set to significantly boost Amazon Web Services’ competitive position in the cloud market, particularly after the company lost momentum to rivals Microsoft, and Google in recent quarters.
As the race to dominate AI infrastructure intensifies, Amazon’s latest bond sale positions it to secure the resources needed to support its rapid expansion while competing with other industry leaders making similar multibillion-dollar moves.
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