Proceeds will fund Amazon’s $200 billion AI and data center expansion as the company taps global demand for Canadian debt.
Amazon sold C$14 billion ($10 billion) in investment-grade bonds in Canada, marking the largest corporate bond offering in Canadian dollars. The deal attracted C$28 billion in orders, reflecting strong investor demand for Canadian debt amid global yield competition.
The five-tranche offering included maturities from 3 to 30 years, with the longest tranche yielding 1.10% above government bonds. Amazon has borrowed over $70 billion since early 2025 to support its $200 billion investment in AI infrastructure, data centers, and cloud computing.
The capital raise diversifies Amazon’s funding sources as it accelerates spending on high-growth areas, including artificial intelligence and cloud services.