Amazon raises at least 25 billion dollars in eight-part bond sale for AI infrastructure
Amazon $AMZN is raising at least $25 billion in an eight-part bond sale to help fund its AI buildout, per Bloomberg and CNBC. Orders peaked at $62 billion. The company projects about $200 billion in 2026 capital spending, up from $131 billion in 2025, and says no more debt this y
Amazon $AMZN is raising at least $25 billion from the US bond market to keep funding its AI infrastructure buildout, Bloomberg and CNBC report. The offering spans eight tranches of fixed-rate and floating-rate notes with maturities from 2029 to 2066. Barclays, Goldman Sachs, JPMorgan and Morgan Stanley are running the books. Investor appetite was substantial: orders peaked at $62 billion before settling near $41 billion once the banks trimmed the final spread, leaving demand at 1.6 times the deal size. The scale of the borrowing tracks the scale of the spending. Amazon projects capital expenditures of about $200 billion this year, up from $131 billion in 2025, with most of it going to data centers, chips and other equipment. Proceeds are earmarked for corporate purposes, including future capital expenditures and repaying upcoming debt maturities. The company has told underwriters it will not issue more debt for the rest of 2026. The bond market is now a core funding channel for AI infrastructure at Amazon: this year's capex projection alone exceeds the 2025 total by nearly $70 billion. Source: Bloomberg and CNBC.