By Nupur Anand and Deborah Mary Sophia
July 7 (Reuters) - Amazon.com said on Tuesday it is looking to raise $25 billion through a U.S. dollar bond sale, in the company's latest push to fund its hefty AI investments.
Tech companies have been tapping debt markets and launching equity sales to fund their costly AI infrastructure build-out. Big Tech, including Amazon, Alphabet, Microsoft and Meta, are expected to spend more than $700 billion on AI this year.
Peak demand for the offering reached $62 billion, according to a report by Bloomberg News, which also first reported about the latest offering.
The offering includes a mix of fixed-rate and floating-rate notes, across eight tranches, with maturities ranging from 2029 to 2066, according to a final term sheet filed on Tuesday.
July 7 (Reuters) - Amazon.com said on Tuesday it is looking to raise $25 billion through a U.S. dollar bond sale, in the company's latest push to fund its hefty AI investments.
Tech companies have been tapping debt markets and launching equity sales to fund their costly AI infrastructure build-out. Big Tech, including Amazon, Alphabet, Microsoft and Meta, are expected to spend more than $700 billion on AI this year.
Peak demand for the offering reached $62 billion, according to a report by Bloomberg News, which also first reported about the latest offering.
The offering includes a mix of fixed-rate and floating-rate notes, across eight tranches, with maturities ranging from 2029 to 2066, according to a final term sheet filed on Tuesday.
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