Amazon enters the euro bond market for the first time, raising a record 14.5 billion euros.

At a time when large technology companies are investing heavily in artificial intelligence infrastructure, Amazon has also entered the Eurobond market, raising 14.5 billion in its debut, setting a record for the largest issuance size in Euro corporate bond history. Anonymous sources revealed that the tech giant increased the financing size from the expected 10 billion to 14.5 billion on Tuesday, with bond maturities ranging from 2 to 38 years. Investor subscriptions for bonds of various maturities totaled 27.9 billion, with the final total slightly lower than the peak of over 35 billion earlier in the day. Prior to the Eurobonds, Amazon issued 11 tranches of USD bonds on Tuesday, raising $37 billion. By using two currencies and multiple maturities, Amazon can attract different groups of investors and diversify its refinancing risks. Amazon's 2-year fixed-rate Eurobond was priced 30 basis points higher than the Euro mid-swap rate, while the 38-year bond was priced 188 basis points higher.