Alphabet is preparing its first yen bond sale and Amazon is preparing its first Swiss franc bond, according to reporting and filings that show Big Tech turning to overseas debt markets to finance AI infrastructure and other capital spending.
Alphabet and Amazon are turning to overseas debt markets as they look to keep financing massive technology and infrastructure spending tied to artificial intelligence.
On May 11, Reuters reported that Alphabet is preparing its first yen-denominated bond sale. A separate Bloomberg report said Amazon is preparing its first Swiss franc bond sale.
Alphabet’s yen bond plan
Reuters said Alphabet has mandated Mizuho, Bank of America and Morgan Stanley for the yen deal. An SEC filing provides primary-source confirmation that Alphabet filed bond prospectus documentation, supporting the planned offering.
The move would give Alphabet a new funding channel beyond its usual dollar and euro debt sales.
Amazon’s Swiss franc debut
Bloomberg reported that Amazon is preparing its first Swiss franc bond sale. According to the report, a company representative said the proceeds would be used for general business purposes, including investment, capital expenditure and repayment of upcoming debt maturities.
Why it matters
The two deals fit a broader trend among major technology companies that are tapping bond markets to help pay for data centers, cloud infrastructure and other AI-related investment.
By borrowing in more currencies, large U.S. tech companies can widen their investor base and diversify financing costs as capital needs rise.
Neither company had, in the material reviewed, disclosed final pricing or deal size for the new offerings.
Revision note
Initial automated publication.