Amazon plans Swiss franc bond debut to fund AI spending

Investing.com -- Amazon.com Inc. is preparing to issue Swiss franc bonds for the first time as technology companies tap new debt markets to finance artificial intelligence expenditures, according to a Bloomberg report Monday.

The company has reportedly mandated BNP Paribas SA, Deutsche Bank AG and JPMorgan Chase & Co. for a six-part Swiss franc bond sale spanning maturities from three to 25 years.

Technology firms have issued large bonds in Europe as they look beyond dollar debt to raise capital designated for AI infrastructure investment. Alphabet Inc. raised about 3 billion Swiss francs ($3.9 billion) in February, the largest amount ever by a corporate borrower. Amazon's first euro bond in March set the same record for that currency.

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