Amazon plans to raise £4.25 billion ($5.76 billion) through its first-ever sterling bond sale, exceeding its initial target as strong investor demand supports the debt offering. The move comes as major technology companies seek to diversify funding sources to finance heavy investment in artificial intelligence.

The four-part deal attracted more than £12 billion in demand, allowing Amazon to raise £1.25 billion through three-year bonds and £1 billion each through six-, 12- and 19-year bonds. The company has also tapped euro, Swiss franc and Canadian dollar debt markets as it expands its global funding programme.

Hyperscalers have issued more than $200 billion in debt this year, more than double their total for 2025, according to LSEG data. Amazon’s latest borrowing comes amid growing investor concerns that the rapid pace of AI-related debt issuance could test demand and increase financing costs for large technology companies.

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