Big Tech Driving US Corporate Bond Sales to Record High
US investment-grade corporate bond issuance reached 1.88 trillion dollars this year as Big Tech firms borrow heavily to fund artificial intelligence projects. Hyperscalers like Amazon and Alphabet lead the fundraising, raising over 370 billion dollars.
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United States investment-grade corporate bond issuance climbed to $1.88 trillion this year, surpassing the previous annual record as Big Tech companies borrow heavily to fund AI infrastructure. The debt issuance through November 4 breached the prior high of $1.86 trillion set in 2020 during the COVID-19 pandemic. Surging borrowing costs reflect massive capital expenditure programs aimed at capturing market share in artificial intelligence.
