Amazon Seeks $12 Billion From First US Bond Sale in Three Years

(Bloomberg) — Amazon.com Inc. (AMZN) is seeking to rise astir $12 cardinal done a indebtedness offering — its archetypal specified woody successful US dollars successful astir 3 years — amid an industry-wide contention to physique artificial quality infrastructure.

Amazon is selling investment-grade bonds successful arsenic galore arsenic six parts, according to radical with cognition of the matter, asking not to beryllium named discussing backstage details. Initial terms discussions for the longest information of the deal, a 40-year bond, are for a premium of astir 1.15 percent points supra Treasuries, the radical added.

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Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley are managing the enslaved sale. Proceeds from the the offering whitethorn beryllium utilized for everything from acquisitions and superior expenditures to stock buybacks, the radical said.

Monday’s merchantability comes aft Google genitor Alphabet Inc. earlier this period sold $25 cardinal of bonds successful the US and Europe. Meta Platforms Inc. sold $30 cardinal of firm bonds past month, the biggest specified offering of the year. Meanwhile, Oracle Corp. sold $18 cardinal high-grade bonds successful September.

The issuance spree from the tech companies has helped propulsion planetary issuance to a grounds of much than $6 trillion this year. JPMorgan Chase expects the caller question of spending to concern investments successful artificial quality to thrust issuance successful the US high-grade-grade marketplace to a grounds $1.81 trillion adjacent year.

Amazon is the world’s largest seller of rented computing, which is captious to powering artificial-intelligence systems. Like its biggest rivals, the institution has been investing heavy successful information centers and chips to physique and tally AI models susceptible of generating substance oregon images and automating processes. Amazon’s superior expenditures roseate 61% to $34.2 cardinal successful the 3rd quarter.

The powerfulness capableness of Amazon’s information halfway fleet has doubled since 2022, and Chief Executive Officer Andy Jassy has said helium expects it to treble again by 2027. Earlier this month, the company’s unreality portion signed a $38 cardinal woody to proviso OpenAI entree to hundreds of thousands of Nvidia Corp. graphics processing units arsenic portion of a seven-year computing deal.

(Updates with much details throughout)

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