Amazon will raise $5.8 billion in first sterling bond sale, lead managers say

Amazon successfully raised £4.25 billion, or $5.76 billion, from its inaugural sterling bond sale on Wednesday. This exceeded initial expectations, as hyperscalers scramble to diversify their funding sources to finance the AI boom. The deal marks an increasing trend of hyperscalers selling bonds across international markets, from euros to Swiss francs and yen.

In total, the company saw final demand of over £10.65 billion for the four-part deal, slightly less than the £12 billion it initially anticipated due to price tightening by lead banks. The bonds were issued with yields ranging from 5.2 percent for the three-year issue to 6.7 percent for the 19-year bond. Amazon has already issued more than $200 billion in debt this year, more than doubling the amount raised in all of 2025, according to LSEG data.

The European Central Bank has cautioned that hyperscalers' entry into the euro zone bond market could crowd out other borrowers and increase their financing costs.