Amazon.com Inc. is issuing investment-grade corporate bonds denominated in Canadian dollars to fund artificial intelligence infrastructure. Bloomberg reports Amazon seeks to raise at least C$7 billion in the deal as large US cloud providers look to markets beyond the US to finance AI spending. The Next Web, citing Bloomberg, says Amazon ultimately raises C$14 billion, which it describes as the largest Canadian-dollar corporate bond sale on record, surpassing the prior recent benchmark set by Alphabet’s C$8.5 billion issuance in the currency. The offering is structured as five tranches of senior unsecured notes with different maturities. The bonds are marketed in Canadian dollars, reflecting investor demand for funding and diversification in a foreign-currency market. Both sources frame the issuance as part of Amazon’s broader capital plan to support growing AI-related workloads and infrastructure. The reported size and status of the transaction indicate heightened competition for financing among major hyperscalers, including via non-US bond markets.
Amazon raises record C$14 billion via Canadian-dollar bond sale for AI investment
Amazon.com Inc. is issuing investment-grade corporate bonds denominated in Canadian dollars to fund artificial intelligence infrastructure. Bloomberg reports Amazon seeks to raise at least C$7 billion...
- Amazon issues investment-grade bonds denominated in Canadian dollars.
- The bond sale is intended to help fund artificial intelligence infrastructure.
- Bloomberg reports Amazon seeks at least C$7 billion for the offering.
- The Next Web reports Amazon raises C$14 billion, described as the largest Canadian-dollar corporate bond sale on record.
- The deal includes five tranches of senior unsecured notes with multiple maturities.
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
2 months agoAmazon.com Inc. is seeking to raise at least C$7 billion ($5 billion) from investment-grade bonds in Canadian dollars as US hyperscalers look beyond their home market to fund artificial intelligence spending.
2 months ago
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