Home News Amazon seeks to raise $12 billion from U.S. bond sale: Report

Amazon seeks to raise $12 billion from U.S. bond sale: Report

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FILE PHOTO: Amazon is looking to raise about $12 billion from the corporate bond market in its first such deal in U.S. dollars in about three years.
| Photo Credit: Reuters

Amazon is looking to raise about $12 billion from the corporate bond market in its first such deal in U.S. dollars in about three years, Bloomberg News reported on Monday, citing people familiar with the matter.

The e-commerce giant filed for a six-part bond sale earlier in the day without disclosing a size, a regulatory filing showed.

Amazon did not immediately respond to a Reuters request for comment.

As artificial intelligence workloads grow in scale, big technology firms are turning to large-scale debt sales to fund expansion plans that cost tens of billions of dollars.

Last month, Meta Platforms announced its biggest bond sale of up to $30 billion, while cloud infrastructure and software maker Oracle is also reportedly looking to raise $15 billion in bond sales.

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