Amazon размещает облигации на $25 млрд для финансирования ИИ-инфраструктуры

On July 7, 2026, Amazon announced the placement of dollar-denominated bonds totaling at least $25 billion — another major debt issuance in the company's series of debt deals aimed at financing massive expenditures on artificial intelligence infrastructure.

What is Known About the Placement

The new placement continues Amazon's series of major debt issuances in the US market. Bloomberg Intelligence analyst Robert Shiffman commented on the deal during a Bloomberg Tech broadcast, calling it part of a broader phenomenon — the "AI debt boom."

• Amount: at least $25 billion
• Market: public US dollar-denominated bonds
• Purpose: financing AI infrastructure
• Nature: another "major" issuance in Amazon's series of similar deals
• Analyst: Robert Shiffman, Bloomberg Intelligence

According to Bloomberg's assessment, the issuance is among the largest in Amazon's corporate history and confirms the company's willingness to increase its debt burden in order to maintain its position in the race for AI investments.

Why Amazon is Turning to the Debt Market

Amazon is increasing its AI expenditures across several directions simultaneously: scaling AWS — the world's largest cloud platform, which serves AI workloads for corporate clients — developing its own chips for model training and inference, advancing Amazon Bedrock and generative AI services, and building new data centers.

Even with significant free cash flow from its core business, such volumes of capital expenditures require attracting external financing. The debt market remains the preferred instrument: Amazon holds the highest credit rating, allowing it to borrow on attractive terms. Unlike additional equity issuance, bonds do not dilute the stake of existing shareholders.

Long-term bonds allow synchronizing financing with the horizon of infrastructure projects — data centers are built and pay for themselves over years, not quarters.

What is the "AI Debt Boom"

Bloomberg Intelligence analysts are registering a steady trend: the largest technology companies are systematically turning to the debt market to finance AI infrastructure. The volumes of individual issuances are measured in tens of billions of dollars. Amazon is one of the most active participants in this trend.

Robert Shiffman from Bloomberg Intelligence, commenting on Amazon's new deal, emphasized: as technology giants increase their spending on AI infrastructure, they are increasingly resorting to debt financing — this process is steady and is unlikely to slow down in the coming years.

For the US corporate bond market, the trend means a steady inflow of large, high-quality securities. Institutional investors — pension funds, insurance companies, sovereign wealth funds — eagerly purchase bonds issued by technology giants: they combine a high credit rating with yields above government securities.

What This Means

The $25 billion placement signals: Amazon does not plan to reduce the pace of AI investments, and the debt market is becoming a systemic tool for financing the technology race. The "AI debt boom" is gathering momentum — and the world's largest cloud provider is its obvious locomotive.