Key facts
- Amazon is preparing its first-ever bond sale in British pounds.
- The tech giant is seeking to raise funds across multiple maturities.
- The issuance aims to finance investments related to the AI transition.
- The sale could take place as early as Wednesday, market conditions permitting.
- Alphabet, Google's parent company, previously issued sterling bonds worth £5.5 billion.
Amazon has hired banks to arrange its first-ever bond sale denominated in British pounds, according to a memo seen by Reuters. The move comes as major technology companies, referred to as hyperscalers, are increasingly seeking funding across various currencies to support significant investments in artificial intelligence.
The tech giant plans to offer bonds with maturities of 3, 6, 12, and 19 years. The transaction is anticipated to occur as early as Wednesday, contingent on prevailing market conditions. The specific amount Amazon aims to raise has not yet been disclosed.