Amazon raises at least $25B in eight-part bond sale to fund AI buildout

Amazon sold at least $25 billion of senior unsecured bonds in eight tranches, with maturities from 3 to 40 years. Orders peaked near $62 billion, but banks trimmed the spread and the final book was about $41 billion, or 1.6 times the deal. Amazon tagged the money for general corporate purposes, which can include capital spending.

• Size: at least $25B, eight tranches, 3- to 40-year maturities
• Order book peaked near $62B, then about $41B (1.6x) after pricing
• Use of proceeds: general corporate purposes, including capex or debt repayment