Amazon plans Swiss franc bond debut as Big Tech commits $725 billion to AI infrastructure spending this year

Amazon has mandated BNP Paribas SA, Deutsche Bank, and JPMorgan Chase for a six-part Swiss franc bond sale with maturities ranging from three to 25 years. Proceeds will support general business purposes, including investment and capital expenditure, as well as repaying upcoming debt maturities.

The move follows a wave of large European bond issuance from technology companies diversifying beyond dollar debt. Alphabet raised about 3 billion Swiss francs ($3.9 billion) in February—the largest corporate borrowing ever in that market—while Amazon's March euro bond set the same record for that currency.

Amazon, Meta Platforms, Microsoft, and Alphabet are planning to invest as much as $725 billion this year in AI data center equipment and other capital expenditure.