US tech firms boost European debt

US technology companies are increasingly tapping European bond markets to fund artificial intelligence infrastructure. This rising corporate debt supply could elevate borrowing costs for other firms and governments across the region.

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FILE PHOTO: The logo of Meta at the Meta Lab in Los Angeles, California, U.S., May 20, 2026. REUTERS/Daniel Cole/File Photo

US technology companies are ramping up European debt issuance to fund massive AI investments, with pipeline estimates reaching €60B. This offshore borrowing wave follows recent jumbo deals by major firms in the United States. Investors warn the surge could lift borrowing costs for European corporations and governments.