Amazon.com is returning to the U.S. bond market as it seeks to finance its expansion in artificial intelligence.

Amazon is offering debt in up to eight tranches, with maturities ranging from three to 40 years, according to a person familiar with the matter. The person, who asked not to be identified discussing private details, added that initial pricing discussions for the longest portion of the deal—a bond maturing in 2066—focus on a spread of about 1.45 percentage points over Treasuries.

Tue, 07 2026

Barclays, Goldman Sachs Group, JPMorgan Chase & Co., and Morgan Stanley are managing the bond offering. The person said the proceeds will be used for general corporate purposes, which may include debt repayment, acquisitions, and capital expenditure.

This marks the latest in a series of massive bond sales by giant cloud computing companies known as "hyperscalers," as they pour hundreds of billions of dollars into AI infrastructure. Investors have so far flocked to buy, submitting orders many times the size of recent offerings.