Amazon Raises $37 Billion for AI Infrastructure with Mega Bond Issuance

AMAZON.COM INC. (NASDAQ: AMZN) announced on March 13, 2026, that it has established 11 new series of senior unsecured notes under its existing 2012 Indenture, finalizing terms including interest rates, maturities and early-redemption provisions. The offering comprises two floating-rate notes maturing in 2028 and 2029, and nine fixed-rate notes with maturities ranging from 2028 to 2076, for a total issuance size of approximately $37 billion. Separately, Douglas J. Herrington, CEO of Amazon’s Global Stores, sold a portion of his holdings following the conversion of restricted stock under a pre-arranged Rule 10b5-1 trading plan in February, though he continues to hold equity in Amazon worth several hundred million dollars.

According to foreign bond-market sources, this jumbo deal—aiming to raise at least $37 billion—drew order books in excess of $100 billion, underscoring its role in funding Amazon’s investments in AI infrastructure and data centers. The company has recently unveiled more than 50 new projects across 30 U.S. states and announced additional data center expansions in Europe, reflecting a significant ramp-up of its AI- and cloud-centric capital expenditures.

Amazon, a leading Big Tech company built on global e-commerce, AWS cloud services and digital advertising, posted AWS revenue of $35.6 billion in Q4 2025, sustaining growth on the back of rising AI workloads. As major U.S. technology firms simultaneously issue multi-billion-dollar investment-grade notes to finance AI and data center projects, Big Tech’s funding activities have emerged as a key theme in the global bond market.