TECH NEWS

Amazon raises C$14 billion in the largest Canadian dollar bond sale on record to fund AI infrastructure

https://media.thenextweb.com/2026/06/amazon-record-canadian-dollar-bond-ai-capex.avif

TL;DR

Amazon is raising C$14bn ($10bn) in Canada’s largest-ever corporate bond sale, topping Alphabet’s C$8.5bn record from May.

Amazon is raising C$14 billion, approximately $10 billion, from investment-grade bonds denominated in Canadian dollars, according to Bloomberg. The deal is the largest corporate bond offering ever in the currency, surpassing the C$8.5 billion Alphabet raised in Canadian dollars just one month ago.

The offering consists of five tranches of senior unsecured notes with maturities ranging from three to 30 years. Pricing on the longest tranche tightened by 5 basis points to 1.10 percentage points above Canadian government bonds, a sign of strong investor demand. JPMorgan, Royal Bank of Canada, Bank of Nova Scotia, and Toronto-Dominion Bank are running the deal.

Amazon said proceeds will be used for general corporate purposes, which may include supporting business investments, funding future capital expenditure, and repaying debt. The real driver is AI infrastructure. Amazon...

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