BAKU, Azerbaijan, September 8. Amazon has hired banks to arrange its first-ever sterling-denominated bond sale, according to a memo seen by Reuters, as major technology companies accelerate borrowing across international markets to finance their expanding artificial intelligence investments.
The US tech giant is considering bonds with maturities of three, six, 12 and 19 years. The transaction could launch as early as Wednesday, depending on market conditions, although the company has not disclosed how much it plans to raise.
The move reflects a broader trend among hyperscalers, which are increasingly turning to currencies outside the US dollar to diversify their funding sources amid the enormous capital requirements associated with the AI boom.
Amazon’s planned sterling issuance follows Alphabet, Google’s parent company, which raised £5.5 billion in a five-part sterling bond deal in February, including an unusual 100-year bond.
The growing wave of AI-related corporate borrowing is putting pressure on bond markets, particularly in the United States, where major investors have warned that the rapid increase in debt issuance could test market capacity and investor appetite.
