Amazon set to raise over $5 billion in first sterling bond sale, lead managers say

Amazon.com Inc. is selling its first sterling bonds in a four-part deal with maturities from 3 to 19 years, priced around 70-110 basis points over UK gilts. The deal is managed by JPMorgan, Barclays, HSBC, and NatWest. Amazon has issued over $92 billion in bonds this year, focusing on AI investments. Bloomberg Intelligence notes investor appetite for AI-driven debt remains high but is being tested. Alphabet Inc. also recently raised sterling debt for AI spending.

Amazon began selling its first sterling-denominated bonds on Wednesday, according to the lead banks. This is part of a trend among hyperscalers to diversify funding sources. Initial price guidance was set at around 70-110 basis points over British government bonds for various maturities. The deal is expected to price later in the day. Amazon has previously issued bonds in euros and Swiss francs. LSEG data shows hyperscalers have issued over $200 billion in debt this year, more than double the to

Amazon issued its first sterling-denominated bonds, raising funds in British pounds to support AI infrastructure investments. The company set initial price guidance ranging from 70 to 110 basis points above UK government bonds. This follows a trend among tech firms, which have raised over $200 billion in debt this year, per LSEG data. Amazon's last bond sale in July saw weaker demand, indicating potential limits to investor appetite for tech debt.

The FTC sued Amazon, alleging it misled advertisers by claiming second-price auctions but charging nearly full bids 80% of the time, extracting over $20B since 2019. Amazon disputes the claims. The lawsuit covers Sponsored Products, Brands, and Display ads. The author notes inconsistencies in Amazon's auction terminology and transparency, highlighting potential confusion for buyers.

Amazon.com (AMZN) stock fell in after-hours trading Tuesday following a proposed class-action lawsuit by four former warehouse employees. The lawsuit alleges discrimination against pregnant workers, including denied accommodations and threats over time off. Amazon disputes the claims, stating it approves nearly all accommodation requests. The case seeks lost pay, punitive damages, and an injunction. Analysts maintain a Strong Buy rating with an average price target of $334.70, implying 30% upsid

Qualcomm (QCOM) has secured a deal with Amazon (AMZN) to supply AI chips and optical networking hardware. The partnership includes a stock warrant for Amazon to buy up to 25 million Qualcomm shares, worth $4 billion, contingent on Amazon purchasing up to $60 billion in Qualcomm products. They will collaborate on customized silicon for AI data centers and optical network equipment, with Qualcomm providing SerDes and DSP technologies.