Amazon is planning a multi-tranche U.S. dollar bond offering with a target of raising at least $25 billion, according to multiple reports citing people familiar with the matter and Bloomberg News. The company’s bond sale is structured across several tranches, and the final total size is not confirmed, with one report noting the offering could increase depending on investor demand. The issue is described as a new bond sale rather than a specific refinancing-only transaction, though the reports do not detail the exact maturity dates, coupon levels, or allocation of proceeds. Several outlets frame the plan as a fundraising effort in the $25 billion range, while also emphasizing that no final decision has been made. There is no information in the provided summaries about regulatory filings, timing of pricing, or whether Amazon has secured any commitments from underwriters. Overall, the reports agree on the key elements: Amazon is preparing to issue U.S. dollar bonds, the offering is multi-tranche, and it targets at least $25 billion, with potential upward adjustment tied to demand.