Amazon prepares its first Swiss franc bond in six-part AI-capex push
BNP Paribas, Deutsche Bank and JPMorgan have the mandate. Maturities run from three years to 25 years.
The trade follows Alphabet’s record Swiss issuance in February and Amazon’s $37bn dollar deal in March, and is the latest demonstration that hyperscalers are now multi-currency borrowers.
Amazon is preparing its first-ever Swiss franc bond issuance, Bloomberg reported on Monday, in a six-tranche deal that stretches across three-, five-, seven-, ten-, fifteen- and twenty-five-year maturities.
BNP Paribas, Deutsche Bank, and JPMorgan have been mandated to run the books. Amazon has not yet disclosed the size of the trade; pricing is expected later this week.
The trade is the most visible sign yet that the largest US hyperscalers have crossed a threshold in their funding strategy. A US dollar bond programme is no longer sufficient on its own.
The capital required to fund AI infrastructure has become large enough that Big Tech treasurers are...
Copyright of this story solely belongs to thenextweb.com. To see the full text click HERE
