Bond Offering

Amazon is raising at least $25 billion through an eight-tranche bond offering to fund its aggressive expansion in AI infrastructure, including computing power and data centers. The company has signaled no further debt will be issued this year. This move follows significant capital raises earlier in the year and aligns with a broader tech industry trend of investing heavily in AI development. Amazon’s capital expenditures are projected to reach $200 billion this year, with a substantial portion dedicated to AI-related hardware.

Performance Shipping Inc. successfully raised $100 million through a Nordic bond offering, maturing in 2029 with a 9.875% coupon. The capital will fund tanker acquisitions and potential bond repurchases. The bonds are partially secured by two older company vessels and are expected to list on the Oslo Stock Exchange.