Amazon, Alphabet Raise C$22.5 Billion in Canada for AI Spending as Meta Bond Talk Builds
Updated
Updated · Bloomberg · Jun 24
Amazon, Alphabet Raise C$22.5 Billion in Canada for AI Spending as Meta Bond Talk Builds
2 articles · Updated · Bloomberg · Jun 24
Summary
C$22.5 billion in Canadian debt was raised quickly by Amazon and Alphabet, giving two of the biggest hyperscalers fresh funding for heavy artificial-intelligence spending.
Investors absorbed the bond sales even though the companies skipped calls with Canadian investors, underscoring strong demand for high-grade tech debt.
Meta has become the next focus in the maple-bond market, with traders speculating it could follow Amazon and Alphabet with a first Canadian-dollar issue.
Meta has offered no signal that it plans to sell bonds in Canada, and the report said it does not need to tap that market.