Amazon Raises £4B in First Sterling Bond Sale, Demand Tops £12B
AMZN sits 29% above its 52-week low of $196.
Summary
Amazon is raising £4 billion ($5.43 billion) in its first sterling bond sale, with demand exceeding £12 billion. The four-part deal spans 3- to 19-year maturities at spreads of 53 to 93 basis points over gilts. This follows a $25 billion dollar offering in July that saw weaker demand, and comes as hyperscalers diversify funding across currencies to finance AI infrastructure. The strong oversubscription signals robust investor appetite despite heavy issuance. Google-parent Alphabet tapped the sterling market in February with a £5.5 billion deal.
At the time of this announcement, AMZN was trading at $253.18 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.8T. The 52-week trading range was $196.00 to $287.20. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.