Amazon Raised $27.5 Billion in a Single Week to Pay for the AI Build, Set a Canadian-Dollar Bond Record on the Way, and Has Now Borrowed Roughly $70 Billion Since 2025
SEATTLE, June 13 -- Amazon raised the equivalent of about 10 billion United States dollars in the largest Canadian-dollar corporate bond offering on record this week, then closed an additional 17.5 billion United States dollars of new bank facilities within 48 hours of the bond pricing, and has now formally crossed the 70 billion dollar threshold for cumulative new-debt issuance since the start of 2025. The pace and scale of the borrowing is the most aggressive corporate-debt build the American technology industry has seen since Apple's early-2010s Treasury arbitrage, and it is being driven almost entirely by Amazon Web Services' artificial intelligence infrastructure programme, which is now on track to consume more than 90 billion dollar...
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