Banks get creative and look further afield as AI-fueled debt soars
Key takeaways
- NEW YORK, June 29 (Reuters) - As corporate borrowing tied to artificial intelligence shows no sign of slowing, bankers are coming up with new ways to sell ever larger volumes of debt.
- Companies such as Amazon.com and Alphabet have issued $60 billion in bonds in multiple currencies in the last 12 months.
- "Alphabet and Amazon have diversified into other global markets in Europe, Canada, Asia," said Teddy Hodgson, global co-head of investment-grade debt at Morgan Stanley.
Banks get creative and look further afield as AI-fueled debt soars Tatiana Bautzer and Gertrude Chavez-Dreyfuss Mon, June 29, 2026 at 4:05 PM GMT+7 4 min read GOOGL DX-Y.NYB AMZN By Tatiana Bautzer and Gertrude Chavez-Dreyfuss
NEW YORK, June 29 (Reuters) - As corporate borrowing tied to artificial intelligence shows no sign of slowing, bankers are coming up with new ways to sell ever larger volumes of debt.
The surge in spending on chips, cloud infrastructure and data centers has led large technology companies, known as hyperscalers, to increasingly issue bonds in currencies other than the U.S. dollar to tap a wider pool of investors and prevent saturation in the U.S. with colossal volumes of debt. Companies such as Amazon.com and Alphabet have issued $60 billion in bonds in multiple currencies in the last 12 months.