Amazon is set to raise £4.25 billion ($5.76 billion) in its first ever sterling denominated bond sale, as strong investor demand highlights the growing appetite for debt issued by major technology companies. The fundraising comes as Amazon and other hyperscalers seek to diversify their financing across global markets to support the heavy capital requirements of artificial intelligence infrastructure.
Amazon is set to raise £4.25 billion ($5.76 billion) through its first ever sterling bond sale, exceeding the amount initially expected as investors showed strong demand for debt from the technology giant.
The four part transaction includes £1.25 billion of three-year bonds and £1 billion each of six-, 12- and 19-year securities, according to banks managing the deal. The bonds were priced at spreads ranging from 53 to 93 basis points above comparable UK government debt.
The transaction represents another step by Amazon to broaden its access to international debt markets as technology companies face rising financing requirements linked to artificial intelligence and data centre expansion.
Amazon has previously raised debt in other currencies, including euros, Swiss francs and Canadian dollars. Its latest sterling offering attracted more than £12 billion in investor orders, according to Reuters, underscoring demand for the company's debt despite the larger-than-expected size of the transaction.
The fundraising comes amid a broader increase in borrowing by large technology companies. Hyperscalers companies operating large-scale cloud and computing infrastructure have increasingly turned to international bond markets to obtain financing outside the United States.
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According to Reuters, hyperscalers have issued more than $200 billion of debt so far in 2026, more than twice the amount recorded in 2025. The surge reflects the enormous capital requirements associated with building data centres, expanding computing capacity and developing artificial intelligence infrastructure.
The Financial Times has also reported that major U.S. technology companies, including Amazon, Alphabet, Microsoft, Meta and Oracle, have increasingly entered international bond markets to finance large AI infrastructure projects. In Switzerland, for example, AI-related companies accounted for 26.4% of Swiss-franc corporate bond issuance in 2026, according to data cited by the newspaper.
Amazon's latest transaction follows a $25 billion bond sale in July that was described as less successful than the company's current sterling offering. The new fundraising gives Amazon access to sterling investors while reducing its reliance on a single currency and broadening the pool of potential sources for future financing.
The increased borrowing by hyperscalers is also attracting attention from policymakers and investors because of its potential impact on corporate bond markets. The European Central Bank has raised concerns that the large volume of debt issued by technology companies could crowd out other borrowers.
For Amazon, the sterling transaction demonstrates how the financing requirements of the AI expansion are increasingly influencing corporate debt markets beyond the United States. The strong demand for the bonds also provides the company with another avenue for raising capital as investment in computing and data-centre infrastructure accelerates.
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