Amazon is looking to raise $25bn through a US bond sale as the retail giant looks to fund further investments in AI, according to reports.

A final term sheet filed on Tuesday (July 7) showed the offering spans eight tranches to include both fixed-rate and floating-rate notes. Maturities range from 2029 to 2066.

An Amazon spokesperson said funds raised by the bond sale will be used for corporate purposes, such as future capital expenditure and repaying debt maturities.

In the exchange filing, the group said Barclays, Goldman Sachs, JP Morgan and Morgan Stanley are the joint book-running managers for the offering.

In March, Amazon raised $37bn in a US dollar bond sale, and a further €14.5bn in a euro bond sale, which made it the fourth-largest US corporate bond sale ever, according to Bloomberg.

Prior to the fundraising, Amazon said it intended to spend up to $200bn on data centres throughout 2026.

Other tech companies such as Microsoft, Meta and Google’s parent Alphabet are expected to spend more than $700bn on AI this year as many have, or plan to, launch equity sales to fund AI infrastructure build.

 

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