Amazon raises $15 billion in its first US dollar bond sale in three years, exceeding expectations by $3 billion with $80 billion in demand. The funds will be used for acquisitions, capital expenditures, share buybacks, and debt maturities, with bonds across six categories, including a 40-year note priced tighter than expected.

The bond sale is part of a trend in Big Tech companies issuing record-breaking amounts of corporate bonds to fund investments in AI infrastructure, data centers, and high-quality chips. Amazon’s ambitious plans for AI include this latest bond sale, a departure from their last US bond market entry in 2022 when they raised $8.25 billion.

Read more at Nasdaq: Amazon Raises $15 Bln In First Bond Sale Since 2022 To Power Massive AI Build-Out