Amazon is returning to the U.S. bond market to fund AI infrastructure, offering eight investment-grade benchmark dollar tranches with maturities from three years to 40 years, the longest due 2066. The longest tranche's initial price guidance is about 145 bps over U.S. Treasuries. The deal is expected to raise at least $25 billion; BARCLAYS, Goldman Sachs, JP Morgan and MORGAN STANLEY are bookrunners. Proceeds will be used for general corporate purposes, potentially including debt repayment, acqu

Amazon is returning to the U.S. bond market to fund AI infrastructure, offering eight investment-grade benchmark dollar tranches with maturities from three years to 40 years, the longest due 2066. The longest tranche's initial price guidance is about 145 bps over U.S. Treasuries. The deal is expected to raise at least $25 billion; BARCLAYS, Goldman Sachs, JP Morgan and MORGAN STANLEY are bookrunners. Proceeds will be used for general corporate purposes, potentially including debt repayment, acquisitions and capital expenditure. The transaction is the latest in a wave of large cloud and tech issuers tapping debt markets for AI build-out; order books have been several times oversubscribed so far.