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Amazon to raise £5.76bn via bond issuance
Amazon has announced its intention to raise $5.76 billion from its first-ever issuance of GBP-denominated bonds, surpassing expectations. The offering received strong demand exceeding £12 billion, with pricing set at spreads ranging from 53 to 93 basis points above comparable UK government bonds. It includes three different bond tranches ranging from 3 to 19 years. This move comes as part of Amazon's efforts, along with other major tech companies, to finance the surge in artificial intelligence development, amid increasing bond issuance from cloud computing firms—which has exceeded $200 billion since the beginning of the year—reflecting a trend among corporations to tap into foreign bond markets to diversify funding sources and meet their substantial financing needs.
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