Giant continues borrowing without pause! Amazon issues 11 tranches of cross-currency bonds, with the market closely watching the AI monetization cycle.
Amazon is conducting its largest corporate bond issuance in history, spanning both the US and European markets, with a fundraising target of $37 billion to $42 billion to support its massive capital expenditures. Major AI companies have recently been raising funds through bond issuance, with the bond market showing strong enthusiasm and subscription sizes generally reaching several times the issuance amount. However, concerns about investment returns in the AI sector are rising in the current stock market.
Express News | Amazon launches healthcare AI assistant on its website and app
Private credit remains under pressure, with redemption requests for a $33 billion fund potentially exceeding 7%.
The Cliffwater Corporate Lending Fund, which manages approximately USD 33 billion in assets, is a fund with periodic redemption terms. If redemption requests reach 5%, it must return 5% of the fund's value to investors on a quarterly basis. If redemption requests exceed 5%, Cliffwater has the authority to redeem up to 7% of the fund’s shares. According to media reports, the firm's flagship private credit fund may face redemption requests exceeding 7%.
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