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Amazon, Alphabet Raise C$22.5B in Canada to Fund AI Spending

  • Funding & M&A
  • Infra & Chips

Amazon.com Inc. and Alphabet Inc. have together raised C$22.5 billion (about US$15.8 billion) in Canadian dollar-denominated debt (maple bonds), earmarking the proceeds primarily for AI-related capital spending. Demand was strong enough that the offerings were absorbed even though the companies skipped investor calls.

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