Amazon Sells First Sterling Bonds Amid AI Funding Push
Editorial & Advertiser disclosure
Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Amazon Sells First Sterling Bonds to Diversify AI Funding Sources
Amazon’s Entry into Sterling Bond Market
Background: Hyperscalers Seek Diverse Funding
LONDON, Sept 8 (Reuters) – Amazon started selling sterling bonds for the first time on Wednesday, according to three of the banks managing the deal, as hyperscalers rush to raise funding across currencies to finance the AI boom.
Bond Pricing Details
It set initial price guidance on the deal at around 70 basis points over British government bonds on a 3-year bond, around 90 basis points over for a 6-year bond, around 105 basis points over for a 12-year bond and around 110 basis points over for a 19-year bond, according to a memo sent by the banks.
Deal Timeline
The deal will price later on Wednesday, the memo said.
Global Bond Issuance Trends
Hyperscalers like Amazon are increasingly selling bonds across markets outside of the U.S. this year, from euros to Swiss francs and the yen, as they seek to diversify their financing sources given huge funding needs for the AI transition.
(Reporting by Yoruk Bahceli; Editing by Amanda Cooper)
