Amazon agreed to a $17.5B term loan led by Citigroup, days after a record C$14B Canadian bond sale. Its total debt has risen 50% in a year to over $225B.

Amazon is raising C$14 billion ($10bn) in the largest Canadian dollar bond sale ever, a month after Alphabet set the previous record in the same currency.

AI hyperscalers issued $159 billion in bonds in early 2026, up 47% year-over-year, as Amazon, Microsoft, and peers borrow at historic rates to fund AI