Amazon is preparing to issue Swiss franc bonds for the first time to fund its AI push and general business needs. The e-commerce giant has mandated BNP Paribas SA, Deutsche Bank AG, and JPMorgan Chase & Co. for a six-part bond sale. Proceeds will support capital expenditure, including AI investments, and repay upcoming debt. The move comes as Amazon stock has stagnated recently despite strong quarterly earnings from its AWS cloud unit.
Amazon is preparing to issue Swiss franc bonds for the first time, continuing to fund its recent AI efforts. A company representative stated the proceeds would be used for general business purposes, including capital expenditure and repaying upcoming debt maturities.
The company has mandated BNP Paribas SA, Deutsche Bank AG, and JPMorgan Chase & Co. for a six-part Swiss franc bond sale across maturities from three to 25 years. Sources close to the bond sale provided this information, though Amazon has yet to officially confirm it.
“The Swiss market continues to offer steady demand for high-grade names and a strong bid for familiar US corporate issuers,” said Apostolos Bantis, a managing director of fixed income at Union Bancaire Privee Ubp SA. “Issuing several maturities at once also lets borrowers tap different investor pockets, raise more money, and keep concessions tight while the window remains open,” Bantis added.
AMZN stock has stagnated around $272 in the past week but is up 14% over the last 30 days. It recently beat market expectations as its AWS cloud division grew 28% year-over-year to $37.6 billion.
Wall Street remains bullish as Amazon deepens its AI ties with Anthropic. Analysts see potential for the stock to rise post-earnings, with Wedbush and TD Cowen setting a $300 price target.
