Amazon returns to the bond market: issues up to 50-year bonds to fund AI development

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Odaily Planet Daily News: Amazon is re-entering the bond market, joining the wave of corporate financing driven by the AI boom. According to sources, the company plans to issue up to 11 different maturities, ranging from 2 to 50 years. The longest maturity tranche (due in 2076) is preliminarily priced at about 1.55 percentage points above U.S. Treasury yields. HSBC, Citigroup, Goldman Sachs, and J.P. Morgan will be responsible for underwriting the bond issuance. This is the latest example in a series of large-scale bond offerings by major cloud computing companies, which are preparing to invest hundreds of billions of dollars in building AI infrastructure. So far, investor demand remains strong, with recent bond offerings often oversubscribed multiple times the issuance size. (Jin10)

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