STORY-TRÅD·teknik

Big Tech’s $25 Billion Mega Bond Sales Are Pushing Market Limits

Once a rare event reserved for historic mega-acquisitions, the jumbo bond sale is increasingly becoming the tech sector’s go-to financing tool. Debt offerings of $25 billion or more have quickly shifted into a baseline for tech giants funding their artificial intelligence expansion, with Amazon.com Inc.’s sale on Tuesday marking the seventh time this year alone a technology company has reached that threshold in a single shot. Vishal Khanduja, Head of Broad Markets Fixed Income at Morgan Stanley Investment Management, discusses how the bond market is pricing in these offerings. (Source: Bloomberg)