Amazon hires banks for first ever sterling bond sale
FILE PHOTO: The logo of Amazon is pictured at a company logistics center in Carquefou near Nantes, westren France, May 6, 2026. REUTERS/Stephane Mahe/File Photo
Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
LONDON, Sept 8 : Amazon hired banks on Tuesday for its first ever sterling bond sale, according to a memo seen by Reuters, as hyperscalers rush to raise funding across currencies to finance the AI boom.
The tech giant is looking to sell 3-year, 6-year, 12-year and 19-year bonds, according to the memo from one of the banks arranging the sale.
The transaction may come as early as Wednesday, subject to market conditions, the memo added.
It did not specify how much money Amazon is looking to raise from the bonds.
Guess Word
Crack the word, one row at a time
Buzzword
Create words using the given letters
Mini Sudoku
Tiny puzzle, mighty brain teaser
Mini Crossword
Small grid, big challenge
Word Search
Spot as many words as you can
Hyperscalers like Amazon are increasingly selling bonds across markets outside of the U.S. this year, from euros to Swiss francs and the yen, as they seek to diversify their financing sources given huge funding needs for the AI transition.
The scale of their debt issuance is already testing the limits of investor demand, particularly in the U.S. dollar bond market, with some large bond buyers warning over the summer that the market is showing signs of indigestion.
Amazon’s sterling bond sale follows that of Google-parent Alphabet, which raised £5.5 billion ($7.44 billion) from a five-part deal in the currency in February, which included a rare 100-year bond.
($1 = 0.7395 pounds)
Source: Reuters
Sign up for our newsletters
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
