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

Big Tech is increasingly utilizing jumbo bond sales as a primary financing tool, moving away from their previous use for historic mega-acquisitions. Debt offerings exceeding $25 billion have become a baseline for funding artificial intelligence expansion. Amazon.com Inc. recently conducted a sale, marking the seventh time this year a technology company reached this threshold in a single transaction. Vishal Khanduja of Morgan Stanley Investment Management is analyzing how the bond market prices these massive offerings.