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.Related NewsRetail Sales YoY for Apr in the United States is 4.9%, higher than the previous value of 4.2%.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)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
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