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Amazon.com, Inc. (AMZN.US) Reportedly Prepares First Swiss Franc Bond Issuance
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Bloomberg, citing sources, reported that Amazon.com, Inc. (AMZN.US) is preparing to issue Swiss franc-denominated bonds for the first time, as major technology companies turn to new bond markets to finance artificial intelligence spending. According to a person familiar with the matter, Amazon.com, Inc. has mandated BNP Paribas, Deutsche Bank and JPMorgan to arrange a six-tranche Swiss franc bond deal with maturities ranging from three to 25 years. Technology companies have launched a series of large-scale bond offerings in Europe as they diversify away from reliance on the US dollar for debt issuance and raise substantial funds earmarked for artificial intelligence infrastructure investment. Alphabet Inc. (GOOGL.US), the parent company of Google, raised about 3 billion Swiss francs in February, marking the largest-ever borrowing by a corporate issuer in that market. Amazon.com, Inc. also set a record for euro-denominated bond issuance when it debuted in that currency in March this year. (da/a) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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