Amazon plans to issue at least US$25 billion in bonds and will not issue new debt in 2026
It plans to raise at least $25 billion through an eight-tranche bond issuance to continue its massive artificial intelligence infrastructure development. The company has made it clear to its underwriters that it will not issue any new debt this year. Amazon disclosed the capital raising plan in a filing with the U.S. Securities and Exchange Commission (SEC) on Tuesday, but did not disclose the exact amount. The issuance comes after Amazon raised about $54 billion in bonds in the U.S. and Europe earlier this year and $10 billion in Canadian markets in June. To fund aggressive AI infrastructure spending plans, technology companies are turning to capital markets. In recent months, NVIDIA, Companies such as Alphabet, Alphabet and Meta have also announced debt financing and stock issuance plans. Amazon expects its capital expenditures to reach $200 billion this year, up sharply from $131 billion in 2025, with most of the spending going toward data centers, chips and other equipment. CEO Andy Jassy has sought to reassure investors skeptical of the plan, arguing that AI is a "once-in-a-lifetime opportunity" that requires a big bet. An Amazon spokesperson said in a statement that proceeds from the latest bond offering will be used for general corporate purposes, including supporting investments, funding future capital expenditures and repaying debt. "We regularly evaluate our operating plans and make financing decisions, including the issuance of bonds, based on this," the spokesperson said.