Amazon has announced plans to sell an eight-part U.S. dollar bond worth at least $25 billion, aiming to borrow billions for its AI investments. Bloomberg News reports that the tech giant is seeking significant capital due to high demand for tech debt.
The projected capital expenditure budget for Amazon stands at $200 billion, a sharp increase from the previous year’s $131 billion. This move aligns with CEO Andy Jassy’s view of AI as a “once-in-a-lifetime opportunity.”
Other major technology firms like Alphabet, Microsoft, and Meta are also investing heavily in AI, collectively planning to spend over $700 billion this year. Amazon’s bond issuance, managed by top banks including Goldman Sachs and JPMorgan Chase, will be used for future capital expenditures and debt repayment.
The size of the offering may increase based on investor demand, with maturities ranging from three to 40 years.
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