Amazon raises almost $6 billion in first sterling bond sale, lead manager says

Amazon successfully raised almost £4.25 billion ($5.76 billion) from its initial sterling bond sale on Wednesday, as reported by a bank handling the deal. This amount slightly exceeded initial expectations and highlights the growing trend of tech giants like Amazon expanding their funding sources to finance the AI boom. The deal is an example of hyperscalers selling bonds in various currencies beyond the U.S. market, including euros, Swiss francs, and the yen.

So far, Amazon has issued over $200 billion in debt this year, more than doubling the total from 2025, according to LSEG data. The final demand for the four-part deal was more than £10.65 billion, slightly lower than the £12 billion seen before lead banks adjusted pricing. Amazon will raise £1.25 billion from a three-year bond sale and £1 billion each from six-, 12- and 19-year bonds.

The bonds were priced with yields ranging from around 5.2 percent on the three-year issue to 6.7 percent on the 19-year issue, according to the lead manager. This move follows Alphabet, a Google parent company, which was the first hyperscaler to tap the sterling market in February by raising £5.5 billion from a five-part deal, including a 100-year bond.