NEW YORK, June 29 : As corporate borrowing tied to artificial intelligence shows no sign of slowing, bankers are coming up with new ways to sell ever larger volumes of debt.The surge in spending on chips, cloud infrastructure and data centers has led large technology companies, known as hyperscalers, to increasingly issue bonds in currencies other than the U.S. dollar to tap a wider pool of investors and prevent saturation in the U.S. with colossal volumes of debt. Companies such as Amazon.com and Alphabet have issued $60 billion in bonds in multiple currencies in the last 12 months. "Alphabet and Amazon have diversified into other global markets in Europe, Canada, Asia," said Teddy Hodgson, global co-head of investment-grade debt at Morgan Stanley. The large transactions have reshaped global bond markets and established new records for bond sales in euros, sterling and yen.Amazon raised €14.5 billion ($16.56 billion) in March from an eight-part deal, the largest ever in the euro corporate bond market, according to LSEG. Alphabet smashed records across markets, with its yen, Canadian dollar, Swiss franc and sterling deals all setting borrowing records in those currencies, according to LSEG data. Alphabet also sold the first 100-year bond from a tech company since 1997.
Banks get creative and look further afield as AI-fueled debt soars
NEW YORK, June 29 : As corporate borrowing tied to artificial intelligence shows no sign of slowing, bankers are coming up with new ways to sell ever larger volumes of debt.The surge in spending on chips, cloud infrastructure and data centers has led large technology companies, known as hyperscalers, to incre
Amazon and Alphabet issued $60B in multi-currency bonds for AI capex reaching $725B in 2026, double 2025. Debt diversification shows hyperscaler commitment, yet equity raises suggest investor concerns about total funding needs ahead.









