Amazon sells its first sterling bonds, taking 2026 borrowing past $92bn
Amazon has opened books on its first sterling bonds, a four-part deal running from three to 19 years, adding another currency to a borrowing programme that has already raised the equivalent of more than $92bn this year.
The sale was reported by Reuters on Wednesday, with pricing expected the same day. Initial guidance put the three-year tranche at around 70 basis points over gilts, the six-year at about 90, the 12-year at about 105 and the 19-year at roughly 110.
Sterling is the fourth currency Amazon has added in 2026. It debuted in euros in March, followed by a Swiss franc deal across a record six tranches.
Then it raised the largest corporate bond ever denominated in Canadian dollars, having already returned to the US market for a $25bn sale. It is now the largest bond issuer among the hyperscalers.
A company raising this much cannot take it...
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