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Amazon issues first sterling bonds aiming for 4.25 bim
Amazon has for the first time issued bonds denominated in GBP, aiming to raise £4.25 billion (approximately $5.8 billion), marking its largest offering of this kind in the UK bond market. Despite a slight decline in demand, with investor orders totaling over £11.65 billion compared to expectations of exceeding £12 billion, pricing margins were adjusted to suit the market, with spreads set at up to 53 basis points for the three-year tranche and 93 basis points for the longer tranche. This is Amazon’s fourth issuance outside the dollar bond market since early 2026 and highlights the company's move toward diversifying its sources of financing—especially as investors are eager to absorb large volumes of bonds from mega-tech firms focusing on cloud computing and artificial intelligence. This issuance provides Amazon with increased funding channels to support its investments, benefiting from the rising demand for corporate bonds amid its continued global expansion.
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