June 10, 2026 Amazon has issued C$14 billion ($10.04 billion) in Canadian dollar-denominated notes, setting a new record for the largest corporate bond offering in Canada’s history. The deal surpasses the previous record of C$8.5 billion, which was set by Alphabet just last month.
The final pricing term sheet, filed with the U.S. Securities and Exchange Commission on Monday, shows the Seattle-based company sold bonds across five tranches with maturities ranging from 2029 to 2056.
The offering comes as global companies increasingly turn to Canada’s maple bond market, where foreign borrowers issue Canadian dollar-denominated debt. Strong investor demand and comparatively lower borrowing costs have helped attract a growing number of international issuers this year.
According to the filing, Amazon’s 2029 notes were priced at a spread of 40 basis points over the Government of Canada yield curve. The longest-dated securities, maturing in 2056, were priced at a spread of 110 basis points over the 3.50% Government of Canada bond due in December 2057.
The transaction is part of a broader trend among major technology companies seeking funding outside the United States. Large technology firms, often referred to as hyperscalers, have been diversifying their sources of capital as they prepare for significant investments in artificial intelligence infrastructure, particularly data centers. The need for additional funding comes as technology companies continue expanding AI-related operations that require substantial computing capacity and supporting infrastructure.
Amazon has already been active in international debt markets this year. In March, the company raised €14.5 billion ($16.88 billion) through an eight-part bond sale, which was the largest corporate bond offering ever completed in the European market.
The latest Canadian offering now adds another record to Amazon’s fundraising efforts, highlighting the scale at which major technology companies are raising capital as they invest in AI infrastructure and long-term growth projects.
