Amazon raised €14.5 billion in March through an eight-part euro corporate bond deal, the largest ever in the euro market, to fund AI infrastructure investments and hedge currency risks. Separately, Snowflake expanded its AWS partnership with a $6 billion, five-year commitment to accelerate AI capabilities.
In March, Amazon priced an eight-part bond offering totalling €14.5 billion, marking the largest corporate debt issuance in the euro market. The deal spanned multiple maturities and currencies, demonstrating investor appetite for Big Tech debt outside the U.S.
Proceeds from the bond sale will support Amazon’s planned investment in AI infrastructure, including data centers and networking equipment, while offering a natural hedge against currency exposure tied to its international assets.
Snowflake committed to spend $6 billion on AWS over the next five years, expanding a multiyear agreement aimed at boosting AI services for enterprise customers. This establishes one of the largest single-client commitments to AWS infrastructure.
The $6 billion commitment underscores robust enterprise demand for cloud-based AI solutions and strengthens AWS’s revenue visibility. It also positions AWS favorably against competitors by locking in a key analytics platform as a long-term partner.
