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According to Reuters, citing three banks managing the transaction, Amazon set initial price guidance at around 70 basis points above comparable British government bonds for a three-year tranche. Read more: Global Market: South Korean shares surge as Samsung, SK Hynix rally on AI optimism The company also indicated initial spreads of around 90 basis points over UK government bonds for a six-year bond, 105 basis points for a 12-year bond and 110 basis points for a 19-year bond, according to a memo circulated by the banks. The bond sale is expected to be priced later on Wednesday. Read more: Global Market: Japan bond yields ease as yen strength tempers BOJ tightening bets Amazon's move comes as so-called hyperscalers step up borrowing to fund the rapid expansion of data centres, computing capacity and other infrastructure needed to support the artificial intelligence boom. Reuters reported that major technology companies have increasingly turned to bond markets outside the United States this year, raising funds in currencies including euros, Swiss francs and yen. The strategy allows companies to diversify their sources of financing as spending on AI infrastructure drives their funding requirements higher. The expansion of AI-related capital expenditure has pushed large technology companies to seek financing on a broader range of debt markets, while investors have gained access to highly rated corporate issuers across multiple currencies. (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of The Economic Times.) (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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