Amazon Sells Record C$14 Billion Canada Bonds as Spreads Widen and Borrowers Delay Deals

3 articles · Updated · Bloomberg · Jun 10

C$14 billion of new Amazon bonds forced Canadian credit investors to absorb a record loonie sale, lifting risk spreads and disrupting normal issuance.
Fund managers sold high-quality holdings to make room for the deal, pressuring valuations across the fixed-income market.
Other borrowers delayed planned note sales as Amazon's offering crowded the market and reset near-term pricing conditions.
Risk premiums still remain low by historical standards, with steady investor inflows helping limit the broader fallout from the sale.

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