Amazon plans to issue bonds to raise at least $37 billion, potentially becoming one of the largest corporate bond offerings in history.

Amazon has launched a bond issue that could be one of the largest corporate bond issuances in history, and is the latest major transaction to raise funds for the artificial intelligence trend. Sources familiar with the matter said that the tech giant plans to issue bonds in US dollars and euros on both sides of the Atlantic, with a target financing size of around $37 billion to $42 billion. Sources familiar with the matter, who spoke on condition of anonymity because the negotiations are confidential, said that Amazon is pitching up to 11 tranches of high-rated US bonds with maturities ranging from 2 to 50 years, aiming to raise $25 billion to $30 billion. One source said that the longest tranche in the deal - bonds maturing in 2076 - is being preliminarily discussed to be priced at about 1.55 percentage points higher than US Treasury yields. Amazon also plans to launch a euro bond issuance as early as Wednesday, potentially in eight tranches, with a planned financing size of up to 10 billion.