Hyperscaler Bonds
The largest AI spenders' own public bonds since January 2020, kept separate from the GPU and data-center ledgers and out of their totals.
$392.8B raised in 26 bond deals since January 1, 2025
$524.8B in 38 deals since January 1, 2020.
- → Issuance: by quarter and issuer
- → Deals: 38 offerings, each with its tranches and SEC filings
- → Method
- → Commitments: the same five companies carry $871B on their balance sheets, $559B of it debt
Deals
| Priced | Issuer | Total USD | Tranches | Coupons | Maturities | Source |
|---|---|---|---|---|---|---|
| Meta | $10.1B €9B | 6 | 4.300–6.400% | 2031–2065 | 424B5 FWP | |
| Principal Coupon or spread Maturity EUR 1.75B 4.300% 2031-02-15 EUR 1.25B 4.650% 2033-02-15 EUR 1B 4.900% 2035-02-15 EUR 1.75B 5.400% 2038-11-15 EUR 1.75B 6.050% 2044-11-15 EUR 1.5B 6.400% 2065-02-15 Use of proceeds “We intend to use the net proceeds from this offering for general corporate purposes.” €9B converts at the ECB reference rate on Nov 4, 2026: 1 EUR = 1.1267 USD. Prospectus supplement (424B5), filed Nov 6, 2026Pricing term sheet (FWP), filed Nov 4, 2026 | ||||||
| Meta | $15.0B | 5 | 5.850–7.500% | 2031–2056 | 424B5 FWP | |
| Principal Coupon or spread Maturity USD 3.25B 5.850% 2031-11-15 USD 3.25B 6.250% 2033-11-15 USD 4B 6.550% 2036-11-15 USD 1.75B 7.350% 2046-11-15 USD 2.75B 7.500% 2056-11-15 Use of proceeds “We intend to use the net proceeds from this offering for general corporate purposes.” Prospectus supplement (424B5), filed Nov 5, 2026Pricing term sheet (FWP), filed Nov 3, 2026 | ||||||
| Alphabet | $6.7B €6B | 7 | 3.700–5.250% 1 floating, EURIBOR +50 bp | 2028–2045 | 424B2 FWP | |
| Principal Coupon or spread Maturity EUR 0.75B 3-month EURIBOR +50 bp 2028-11-05 EUR 0.75B 3.700% 2028-11-05 EUR 1.25B 4.050% 2030-11-05 EUR 0.75B 4.250% 2032-11-05 EUR 0.75B 4.500% 2035-11-05 EUR 0.75B 4.875% 2039-11-05 EUR 1B 5.250% 2045-11-05 Use of proceeds “We intend to use the net proceeds from these sales for general corporate purposes, which may include the repayment of outstanding debt.” €6B converts at the ECB reference rate on Nov 2, 2026: 1 EUR = 1.1216 USD. Prospectus supplement (424B2), filed Nov 4, 2026Pricing term sheet (FWP), filed Nov 2, 2026 | ||||||
| Oracle | $10.0B | 5 | 7.000–8.650% | 2029–2046 | 424B2 FWP | |
| Principal Coupon or spread Maturity USD 2B 7.000% 2029-11-04 USD 1.75B 7.450% 2031-11-04 USD 2.25B 7.850% 2033-11-04 USD 2.5B 8.000% 2037-02-04 USD 1.5B 8.650% 2046-11-04 Use of proceeds “The net proceeds of this offering and the Concurrent Common Stock Offering, if completed, will be used for general corporate purposes, which may include capital expenditures, repayment of indebtedness, future investments or acquisitions and payment of cash dividends on or repurchases of our common stock.” Prospectus supplement (424B2), filed Nov 4, 2026Pricing term sheet (FWP), filed Nov 2, 2026 | ||||||
| Microsoft | $25.0B | 10 | 4.850–6.350% 2 floating, SOFR +35/+53 bp | 2028–2066 | 424B2 FWP | |
| Principal Coupon or spread Maturity USD 1B Compounded SOFR +35 bp 2028-11-03 USD 2B 4.850% 2028-11-03 USD 1B Compounded SOFR +53 bp 2029-11-03 USD 3.25B 5.000% 2029-11-03 USD 3.25B 5.200% 2031-11-03 USD 2.5B 5.350% 2033-11-03 USD 4B 5.550% 2036-11-03 USD 2B 6.150% 2046-11-03 USD 4B 6.250% 2056-11-03 USD 2B 6.350% 2066-11-03 Use of proceeds “The net proceeds from the sale of the notes will be used for general corporate purposes, which may include, among other things, funding for working capital, capital expenditures, repurchases of our capital stock, acquisitions and repayment of our existing debt.” Prospectus supplement (424B2), filed Nov 2, 2026Pricing term sheet (FWP), filed Oct 30, 2026 | ||||||
| Amazon | $5.8B £4.25B | 4 | 5.200–6.650% | 2029–2045 | 424B5 FWP | |
| Principal Coupon or spread Maturity GBP 1.25B 5.200% 2029-09-14 GBP 1B 5.550% 2032-09-14 GBP 1B 6.250% 2038-09-14 GBP 1B 6.650% 2045-09-14 Use of proceeds “The net proceeds from the sale of the notes will be used for general corporate purposes, which may include, but are not limited to, repayment of debt, acquisitions, investments, working capital, investments in our subsidiaries, capital expenditures, and repurchases of outstanding shares of our common stock.” £4.25B converts at the ECB reference rate on Sep 9, 2026: 1 GBP = 1.3565 USD. Prospectus supplement (424B5), filed Sep 11, 2026Pricing term sheet (FWP), filed Sep 9, 2026 | ||||||
| Alphabet | $25.0B | 10 | 4.500–6.500% 2 floating, SOFR +44/+60 bp | 2028–2066 | 424B2 FWP | |
| Principal Coupon or spread Maturity USD 0.75B Compounded SOFR +44 bp 2028-08-10 USD 1.25B 4.500% 2028-08-10 USD 0.5B Compounded SOFR +60 bp 2029-08-10 USD 2B 4.625% 2029-08-10 USD 3.5B 4.875% 2031-08-15 USD 2.5B 5.200% 2033-08-15 USD 4.5B 5.450% 2036-08-15 USD 3B 6.250% 2046-08-15 USD 4.5B 6.375% 2056-08-15 USD 2.5B 6.500% 2066-08-15 Use of proceeds “We intend to use the net proceeds from these sales for general corporate purposes, which may include the repayment of outstanding debt.” Prospectus supplement (424B2), filed Aug 7, 2026Pricing term sheet (FWP), filed Aug 7, 2026 | ||||||
| Amazon | $25.0B | 8 | 4.600–6.250% 1 floating, SOFR +58 bp | 2029–2066 | 424B5 FWP | |
| Principal Coupon or spread Maturity USD 0.75B Compounded SOFR +58 bp 2029-07-09 USD 3.5B 4.600% 2029-07-09 USD 4.25B 4.800% 2031-07-09 USD 3B 5.100% 2033-07-09 USD 4.5B 5.300% 2036-07-09 USD 2.75B 6.000% 2046-07-09 USD 4B 6.100% 2056-07-09 USD 2.25B 6.250% 2066-07-09 Use of proceeds “The net proceeds from the sale of the notes will be used for general corporate purposes, which may include, but are not limited to, repayment of debt, acquisitions, investments, working capital, investments in our subsidiaries, capital expenditures, and repurchases of outstanding shares of our common stock.” Prospectus supplement (424B5), filed Jul 8, 2026Pricing term sheet (FWP), filed Jul 7, 2026 | ||||||
| Amazon | $10.0B C$14B | 5 | 3.400–5.000% | 2029–2056 | 424B5 FWP | |
| Principal Coupon or spread Maturity CAD 1.25B 3.400% 2029-06-12 CAD 2.5B 3.700% 2031-06-12 CAD 2B 4.000% 2033-06-12 CAD 3.5B 4.350% 2036-06-12 CAD 4.75B 5.000% 2056-06-12 Use of proceeds “The net proceeds from the sale of the notes will be used for general corporate purposes, which may include, but are not limited to, repayment of debt, acquisitions, investments, working capital, investments in our subsidiaries, capital expenditures, and repurchases of outstanding shares of our common stock.” C$14B converts at the ECB reference rate on Jun 8, 2026: 1 CAD = 0.71753 USD. Prospectus supplement (424B5), filed Jun 10, 2026Pricing term sheet (FWP), filed Jun 8, 2026 | ||||||
| Alphabet | $3.6B ¥576.5B | 7 | 1.965–4.599% | 2029–2066 | 424B5 FWP | |
| Principal Coupon or spread Maturity JPY 135.5B 1.965% 2029-05-16 JPY 200.5B 2.412% 2031-05-16 JPY 123.2B 2.822% 2033-05-16 JPY 64.9B 3.189% 2036-05-16 JPY 19.1B 3.713% 2041-05-16 JPY 9.3B 4.395% 2056-05-16 JPY 24B 4.599% 2066-05-17 Use of proceeds “We intend to use the net proceeds from these sales for general corporate purposes, which may include the repayment of outstanding debt.” ¥576.5B converts at the ECB reference rate on May 15, 2026: 1 JPY = 0.006307 USD. Prospectus supplement (424B5), filed May 18, 2026Pricing term sheet (FWP), filed May 15, 2026 | ||||||
| Alphabet | $6.2B C$8.5B | 4 | 3.650–5.000% | 2031–2056 | 424B2 FWP | |
| Principal Coupon or spread Maturity CAD 1.5B 3.650% 2031-05-15 CAD 2B 4.000% 2033-05-15 CAD 2.25B 4.350% 2036-05-15 CAD 2.75B 5.000% 2056-05-15 Use of proceeds “We intend to use the net proceeds from these sales, together with the proceeds from the Concurrent Notes Offering, for general corporate purposes, which may include the repayment of outstanding debt.” C$8.5B converts at the ECB reference rate on May 5, 2026: 1 CAD = 0.73451 USD. Prospectus supplement (424B2), filed May 7, 2026Pricing term sheet (FWP), filed May 5, 2026 | ||||||
| Alphabet | $10.5B €9B | 6 | 3.200–4.800% | 2030–2063 | 424B2 FWP | |
| Principal Coupon or spread Maturity EUR 1.5B 3.200% 2030-05-11 EUR 1.75B 3.450% 2032-05-11 EUR 1.5B 3.625% 2034-05-11 EUR 1.75B 4.100% 2039-05-11 EUR 1.25B 4.500% 2045-05-11 EUR 1.25B 4.800% 2063-05-11 Use of proceeds “We intend to use the net proceeds from these sales, together with the proceeds from the Concurrent Notes Offering, for general corporate purposes, which may include the repayment of outstanding debt.” €9B converts at the ECB reference rate on May 5, 2026: 1 EUR = 1.1686 USD. Prospectus supplement (424B2), filed May 7, 2026Pricing term sheet (FWP), filed May 5, 2026 | ||||||
| Meta | $25.0B | 6 | 4.550–6.450% | 2031–2066 | 424B2 FWP | |
| Principal Coupon or spread Maturity USD 3B 4.550% 2031-05-15 USD 2B 4.875% 2033-05-15 USD 6B 5.250% 2036-05-15 USD 4B 6.200% 2046-05-15 USD 6B 6.300% 2056-05-15 USD 4B 6.450% 2066-05-15 Use of proceeds “We intend to use the net proceeds from this offering for general corporate purposes.” Prospectus supplement (424B2), filed May 1, 2026Pricing term sheet (FWP), filed Apr 30, 2026 | ||||||
| Amazon | $16.8B €14.5B | 8 | 2.800–4.850% 1 floating, EURIBOR +35 bp | 2028–2064 | 424B5 FWP | |
| Principal Coupon or spread Maturity EUR 1.75B 3-month EURIBOR +35 bp 2028-03-16 EUR 1.25B 2.800% 2028-03-16 EUR 2B 3.100% 2030-03-16 EUR 2.25B 3.350% 2032-03-16 EUR 2.5B 3.700% 2035-03-16 EUR 2.25B 4.050% 2039-03-16 EUR 1.25B 4.450% 2045-03-16 EUR 1.25B 4.850% 2064-03-16 Use of proceeds “The net proceeds from the sale of the notes, together with the proceeds from the Concurrent USD Notes Offering, will be used for general corporate purposes, which may include, but are not limited to, repayment of debt, acquisitions, investments, working capital, investments in our subsidiaries, capital expenditures, and repurchases of outstanding shares of our common stock.” €14.5B converts at the ECB reference rate on Mar 11, 2026: 1 EUR = 1.1581 USD. Prospectus supplement (424B5), filed Mar 13, 2026Pricing term sheet (FWP), filed Mar 11, 2026 | ||||||
| Amazon | $37.0B | 11 | 3.850–6.050% 2 floating, SOFR +44/+59 bp | 2028–2076 | 424B5 FWP | |
| Principal Coupon or spread Maturity USD 1.75B Compounded SOFR +44 bp 2028-03-13 USD 1B Compounded SOFR +59 bp 2029-03-13 USD 2.25B 3.850% 2028-03-13 USD 3B 4.000% 2029-03-13 USD 5B 4.250% 2031-03-13 USD 4B 4.550% 2033-03-13 USD 6B 4.875% 2036-03-13 USD 2.5B 5.650% 2046-03-13 USD 5.5B 5.800% 2056-03-13 USD 3B 5.950% 2066-03-13 USD 3B 6.050% 2076-03-13 Use of proceeds “The net proceeds from the sale of the notes, together with the proceeds from the Euro Notes Offering, if any, will be used for general corporate purposes, which may include, but are not limited to, repayment of debt, acquisitions, investments, working capital, investments in our subsidiaries, capital expenditures, and repurchases of outstanding shares of our common stock.” Prospectus supplement (424B5), filed Mar 12, 2026Pricing term sheet (FWP), filed Mar 10, 2026 | ||||||
| Alphabet | $7.5B £5.5B | 5 | 4.125–6.125% | 2029–2126 | 424B2 FWP | |
| Principal Coupon or spread Maturity GBP 0.75B 4.125% 2029-02-13 GBP 1.25B 4.625% 2032-11-13 GBP 1.25B 5.500% 2041-11-13 GBP 1.25B 5.875% 2058-02-13 GBP 1B 6.125% 2126-02-13 Use of proceeds “We intend to use the net proceeds from these sales, together with the proceeds from the Concurrent Notes Offerings, for general corporate purposes, which may include the repayment of outstanding debt.” £5.5B converts at the ECB reference rate on Feb 10, 2026: 1 GBP = 1.3679 USD. Prospectus supplement (424B2), filed Feb 12, 2026Pricing term sheet (FWP), filed Feb 10, 2026 | ||||||
| Alphabet | $20.0B | 7 | 3.700–5.750% | 2029–2066 | 424B2 FWP | |
| Principal Coupon or spread Maturity USD 2.5B 3.700% 2029-02-15 USD 3B 4.100% 2031-02-15 USD 3B 4.400% 2033-02-15 USD 4.25B 4.800% 2036-02-15 USD 1.5B 5.500% 2046-02-15 USD 4B 5.650% 2056-02-15 USD 1.75B 5.750% 2066-02-15 Use of proceeds “We intend to use the net proceeds from these sales, together with the proceeds from any Concurrent Notes Offering, for general corporate purposes, which may include the repayment of outstanding debt.” Prospectus supplement (424B2), filed Feb 11, 2026Pricing term sheet (FWP), filed Feb 10, 2026 | ||||||
| Oracle | $25.0B | 8 | 4.550–6.850% 1 floating, SOFR +111 bp | 2029–2066 | 424B2 FWP | |
| Principal Coupon or spread Maturity USD 0.5B Compounded SOFR +111 bp 2029-02-04 USD 3B 4.550% 2029-02-04 USD 3.5B 4.950% 2031-02-04 USD 3B 5.350% 2033-05-04 USD 5B 5.700% 2036-02-04 USD 2.25B 6.550% 2046-02-04 USD 5B 6.700% 2056-02-04 USD 2.75B 6.850% 2066-02-04 Use of proceeds “The net proceeds of this offering will be used for general corporate purposes, which may include capital expenditures, repayment of indebtedness, future investments or acquisitions and payment of cash dividends on or repurchases of our common stock.” Prospectus supplement (424B2), filed Feb 3, 2026Pricing term sheet (FWP), filed Feb 2, 2026 | ||||||
| Amazon | $15.0B | 6 | 3.900–5.550% | 2028–2065 | 424B5 FWP | |
| Principal Coupon or spread Maturity USD 2.5B 3.900% 2028-11-20 USD 2.5B 4.100% 2030-11-20 USD 1.5B 4.350% 2033-03-20 USD 3.5B 4.650% 2035-11-20 USD 3B 5.450% 2055-11-20 USD 2B 5.550% 2065-11-20 Use of proceeds “The net proceeds from the sale of the notes will be used for general corporate purposes, which may include, but are not limited to, repayment of debt, acquisitions, investments, working capital, investments in our subsidiaries, capital expenditures, and repurchases of outstanding shares of our common stock.” Prospectus supplement (424B5), filed Nov 19, 2025Pricing term sheet (FWP), filed Nov 17, 2025 | ||||||
| Alphabet | $7.5B €6.5B | 6 | 2.375–4.375% | 2028–2064 | 424B2 FWP | |
| Principal Coupon or spread Maturity EUR 1B 2.375% 2028-11-06 EUR 1B 2.875% 2031-11-06 EUR 1B 3.125% 2034-11-06 EUR 1B 3.500% 2038-11-06 EUR 1.25B 4.000% 2044-11-06 EUR 1.25B 4.375% 2064-11-06 Use of proceeds “We intend to use the net proceeds from these sales, together with the proceeds from the Concurrent USD Notes Offering, for general corporate purposes, which may include the repayment of outstanding debt.” €6.5B converts at the ECB reference rate on Nov 3, 2025: 1 EUR = 1.1514 USD. Prospectus supplement (424B2), filed Nov 5, 2025Pricing term sheet (FWP), filed Nov 3, 2025 | ||||||
| Alphabet | $17.5B | 8 | 3.875–5.700% 1 floating, SOFR +52 bp | 2028–2075 | 424B2 FWP | |
| Principal Coupon or spread Maturity USD 0.5B Compounded SOFR +52 bp 2028-11-15 USD 1B 3.875% 2028-11-15 USD 2.5B 4.100% 2030-11-15 USD 1.25B 4.375% 2032-11-15 USD 3.5B 4.700% 2035-11-15 USD 2B 5.350% 2045-11-15 USD 4B 5.450% 2055-11-15 USD 2.75B 5.700% 2075-11-15 Use of proceeds “We intend to use the net proceeds from these sales, together with the proceeds from the Concurrent Euro Notes Offering, for general corporate purposes, which may include the repayment of outstanding debt.” Prospectus supplement (424B2), filed Nov 5, 2025Pricing term sheet (FWP), filed Nov 4, 2025 | ||||||
| Meta | $30.0B | 6 | 4.200–5.750% | 2030–2065 | 424B2 FWP | |
| Principal Coupon or spread Maturity USD 4B 4.200% 2030-11-15 USD 4B 4.600% 2032-11-15 USD 6.5B 4.875% 2035-11-15 USD 4.5B 5.500% 2045-11-15 USD 6.5B 5.625% 2055-11-15 USD 4.5B 5.750% 2065-11-15 Use of proceeds “We intend to use the net proceeds from this offering for general corporate purposes.” Prospectus supplement (424B2), filed Nov 3, 2025Pricing term sheet (FWP), filed Oct 30, 2025 | ||||||
| Oracle | $18.0B | 6 | 4.450–6.100% | 2030–2065 | 424B2 FWP | |
| Principal Coupon or spread Maturity USD 3B 4.450% 2030-09-26 USD 3B 4.800% 2032-09-26 USD 4B 5.200% 2035-09-26 USD 2.5B 5.875% 2045-09-26 USD 3.5B 5.950% 2055-09-26 USD 2B 6.100% 2065-09-26 Use of proceeds “The net proceeds of this offering will be used for general corporate purposes, which may include capital expenditures, repayment of indebtedness, future investments or acquisitions and payment of cash dividends on or repurchases of our common stock.” Prospectus supplement (424B2), filed Sep 25, 2025Pricing term sheet (FWP), filed Sep 24, 2025 | ||||||
| Alphabet | $7.7B €6.75B | 5 | 2.500–4.000% | 2029–2054 | 424B2 FWP | |
| Principal Coupon or spread Maturity EUR 1.5B 2.500% 2029-05-06 EUR 1.5B 3.000% 2033-05-06 EUR 1.25B 3.375% 2037-05-06 EUR 1.25B 3.875% 2045-05-06 EUR 1.25B 4.000% 2054-05-06 Use of proceeds “We intend to use the net proceeds from these sales, together with the proceeds from the Concurrent USD Notes Offering, for general corporate purposes, which may include the repayment of outstanding debt.” €6.75B converts at the ECB reference rate on Apr 29, 2025: 1 EUR = 1.1373 USD. Prospectus supplement (424B2), filed May 1, 2025Pricing term sheet (FWP), filed Apr 29, 2025 | ||||||
| Alphabet | $5.0B | 4 | 4.000–5.300% | 2030–2065 | 424B2 FWP | |
| Principal Coupon or spread Maturity USD 0.75B 4.000% 2030-05-15 USD 1.25B 4.500% 2035-05-15 USD 1.5B 5.250% 2055-05-15 USD 1.5B 5.300% 2065-05-15 Use of proceeds “We intend to use the net proceeds from these sales, together with the proceeds from the Concurrent Euro Notes Offering, for general corporate purposes, which may include the repayment of outstanding debt.” Prospectus supplement (424B2), filed Apr 30, 2025Pricing term sheet (FWP), filed Apr 28, 2025 | ||||||
| Oracle | $7.8B | 6 | 4.800–6.125% 1 floating, SOFR +76 bp | 2028–2065 | 424B2 FWP | |
| Principal Coupon or spread Maturity USD 0.5B Compounded SOFR +76 bp 2028-08-03 USD 1.5B 4.800% 2028-08-03 USD 1.25B 5.250% 2032-02-03 USD 1.75B 5.500% 2035-08-03 USD 1.75B 6.000% 2055-08-03 USD 1B 6.125% 2065-08-03 Use of proceeds “We intend to use a portion of the net proceeds of this offering to repay all or a portion of our 2.95% Notes due May 2025 (the “May 2025 Notes”), 3.125% Notes due July 2025 (the “July 2025 Notes”), 5.80% Notes due November 2025 (the “November 2025 Notes”), 1.65% Notes due March 2026 (the “March 2026 Notes”) and 2.65% Notes due July 2026 (the “July 2026 Notes” and, together with the May 2025 Notes, July 2025 Notes, November 2025 Notes and March 2026 Notes, the “Due Notes”), and to pay accrued interest and any related premiums, fees and expenses in connection therewith.” Prospectus supplement (424B2), filed Jan 31, 2025Pricing term sheet (FWP), filed Jan 30, 2025 | ||||||
| Oracle | $6.3B | 4 | 4.200–5.500% | 2029–2064 | 424B2 FWP | |
| Principal Coupon or spread Maturity USD 1.5B 4.200% 2029-09-27 USD 1.75B 4.700% 2034-09-27 USD 1.75B 5.375% 2054-09-27 USD 1.25B 5.500% 2064-09-27 Use of proceeds “We intend to use a portion of the net proceeds of this offering to repay all or a portion of our 2.95% Notes due November 2024 (the “November 2024 Notes”), 2.50% Notes due April 2025 (the “April 2025 Notes”) and 2.95% Notes due May 2025 (the “May 2025 Notes” and, together with the November 2024 Notes and the April 2025 Notes, the “Due Notes”), and to pay accrued interest and any related premiums, fees and expenses in connection therewith.” Prospectus supplement (424B2), filed Sep 26, 2024Pricing term sheet (FWP), filed Sep 25, 2024 | ||||||
| Meta | $10.5B | 5 | 4.300–5.550% | 2029–2064 | 424B2 FWP | |
| Principal Coupon or spread Maturity USD 1B 4.300% 2029-08-15 USD 1B 4.550% 2031-08-15 USD 2.5B 4.750% 2034-08-15 USD 3.25B 5.400% 2054-08-15 USD 2.75B 5.550% 2064-08-15 Use of proceeds “We intend to use the net proceeds from this offering for general corporate purposes.” Prospectus supplement (424B2), filed Aug 8, 2024Pricing term sheet (FWP), filed Aug 7, 2024 | ||||||
| Meta | $8.5B | 5 | 4.600–5.750% | 2028–2063 | 424B2 FWP | |
| Principal Coupon or spread Maturity USD 1.5B 4.600% 2028-05-15 USD 1B 4.800% 2030-05-15 USD 1.75B 4.950% 2033-05-15 USD 2.5B 5.600% 2053-05-15 USD 1.75B 5.750% 2063-05-15 Use of proceeds “We intend to use the net proceeds from this offering for general corporate purposes, which may include, but are not limited to, capital expenditures, repurchases of outstanding shares of our common stock, acquisitions or investments.” Prospectus supplement (424B2), filed May 2, 2023Pricing term sheet (FWP), filed May 1, 2023 | ||||||
| Oracle | $5.3B | 4 | 4.500–5.550% | 2028–2053 | 424B2 FWP | |
| Principal Coupon or spread Maturity USD 0.75B 4.500% 2028-05-06 USD 0.75B 4.650% 2030-05-06 USD 1.5B 4.900% 2033-02-06 USD 2.25B 5.550% 2053-02-06 Use of proceeds “We intend to use the net proceeds of this offering (i) to prepay in full our remaining borrowings of $3.1 billion under the Bridge Facility and (ii) to repay our outstanding $1.25 billion aggregate principal amount of senior notes due February 2023 and to pay any related premiums, fees and expenses in connection therewith.” Prospectus supplement (424B2), filed Feb 3, 2023Pricing term sheet (FWP), filed Feb 2, 2023 | ||||||
| Amazon | $8.3B | 5 | 4.550–4.700% | 2024–2032 | 424B5 FWP | |
| Principal Coupon or spread Maturity USD 1.25B 4.700% 2024-11-29 USD 1.25B 4.600% 2025-12-01 USD 2B 4.550% 2027-12-01 USD 1.5B 4.650% 2029-12-01 USD 2.25B 4.700% 2032-12-01 Use of proceeds “The net proceeds from the sale of the notes will be used for general corporate purposes, which may include, but are not limited to, repayment of debt, acquisitions, investments, working capital, investments in our subsidiaries, capital expenditures, and repurchases of outstanding shares of our common stock.” Prospectus supplement (424B5), filed Nov 30, 2022Pricing term sheet (FWP), filed Nov 29, 2022 | ||||||
| Oracle | $7.0B | 4 | 5.800–6.900% | 2025–2052 | 424B2 FWP | |
| Principal Coupon or spread Maturity USD 1B 5.800% 2025-11-10 USD 1.25B 6.150% 2029-11-09 USD 2.25B 6.250% 2032-11-09 USD 2.5B 6.900% 2052-11-09 Use of proceeds “We intend to prepay our borrowings under the Bridge Facility on a dollar-for-dollar basis with the net cash proceeds of this offering.” Prospectus supplement (424B2), filed Nov 8, 2022Pricing term sheet (FWP), filed Nov 8, 2022 | ||||||
| Amazon | $12.8B | 7 | 2.730–4.100% | 2024–2062 | 424B5 FWP | |
| Principal Coupon or spread Maturity USD 1.5B 2.730% 2024-04-13 USD 1.5B 3.000% 2025-04-13 USD 2B 3.300% 2027-04-13 USD 1.5B 3.450% 2029-04-13 USD 2.5B 3.600% 2032-04-13 USD 2.5B 3.950% 2052-04-13 USD 1.25B 4.100% 2062-04-13 Use of proceeds “The net proceeds from the sale of the notes will be used for general corporate purposes, which may include, but are not limited to, repayment of debt, acquisitions, investments, working capital, investments in our subsidiaries, capital expenditures, and repurchases of outstanding shares of our common stock.” Prospectus supplement (424B5), filed Apr 12, 2022Pricing term sheet (FWP), filed Apr 11, 2022 | ||||||
| Amazon | $18.5B | 8 | 0.250–3.250% | 2023–2061 | 424B2 FWP | |
| Principal Coupon or spread Maturity USD 1B 0.250% 2023-05-12 USD 2.5B 0.450% 2024-05-12 USD 2.75B 1.000% 2026-05-12 USD 2.25B 1.650% 2028-05-12 USD 3B 2.100% 2031-05-12 USD 2B 2.875% 2041-05-12 USD 3.25B 3.100% 2051-05-12 USD 1.75B 3.250% 2061-05-12 Use of proceeds “The net proceeds from the sale of the notes (other than the Sustainability Notes) will be used for general corporate purposes, which may include, but are not limited to, repayment of debt, repurchases of outstanding shares of common stock, acquisitions, investments, working capital, investments in our subsidiaries, and capital expenditures.” Prospectus supplement (424B2), filed May 12, 2021Pricing term sheet (FWP), filed May 11, 2021 | ||||||
| Oracle | $15.0B | 6 | 1.650–4.100% | 2026–2061 | 424B2 FWP | |
| Principal Coupon or spread Maturity USD 2.75B 1.650% 2026-03-25 USD 2B 2.300% 2028-03-25 USD 3.25B 2.875% 2031-03-25 USD 2.25B 3.650% 2041-03-25 USD 3.25B 3.950% 2051-03-25 USD 1.5B 4.100% 2061-03-25 Use of proceeds “The net proceeds of this offering will be used for general corporate purposes, including to repay the entire $1.5 billion aggregate principal amount outstanding of the 2.80% Notes, to repay the entire $4.25 billion aggregate principal amount outstanding of the 1.90% Notes, to repay the entire $2.5 billion aggregate principal amount outstanding of the 2.50% Notes, and to pay accrued interest, and any related premiums, fees and expenses in connection therewith.” Prospectus supplement (424B2), filed Mar 23, 2021Pricing term sheet (FWP), filed Mar 23, 2021 | ||||||
| Alphabet | $10.0B | 6 | 0.450–2.250% | 2025–2060 | 424B2 FWP | |
| Principal Coupon or spread Maturity USD 1B 0.450% 2025-08-15 USD 1B 0.800% 2027-08-15 USD 2.25B 1.100% 2030-08-15 USD 1.25B 1.900% 2040-08-15 USD 2.5B 2.050% 2050-08-15 USD 2B 2.250% 2060-08-15 Use of proceeds “We intend to use the net proceeds from these sales for general corporate purposes, which may include the repayment of outstanding debt.” Prospectus supplement (424B2), filed Aug 4, 2020Pricing term sheet (FWP), filed Aug 3, 2020 | ||||||
| Amazon | $10.0B | 6 | 0.400–2.700% | 2023–2060 | 424B2 FWP | |
| Principal Coupon or spread Maturity USD 1B 0.400% 2023-06-03 USD 1.25B 0.800% 2025-06-03 USD 1.25B 1.200% 2027-06-03 USD 2B 1.500% 2030-06-03 USD 2.5B 2.500% 2050-06-03 USD 2B 2.700% 2060-06-03 Use of proceeds “The net proceeds from the sale of the notes will be used for general corporate purposes.” Prospectus supplement (424B2), filed Jun 3, 2020Pricing term sheet (FWP), filed Jun 1, 2020 | ||||||
| Oracle | $20.0B | 6 | 2.500–3.850% | 2025–2060 | 424B2 FWP | |
| Principal Coupon or spread Maturity USD 3.5B 2.500% 2025-04-01 USD 2.25B 2.800% 2027-04-01 USD 3.25B 2.950% 2030-04-01 USD 3B 3.600% 2040-04-01 USD 4.5B 3.600% 2050-04-01 USD 3.5B 3.850% 2060-04-01 Use of proceeds “The net proceeds of this offering will be used for general corporate purposes, which may include stock repurchases, payment of cash dividends on our common stock, repayment of indebtedness and future acquisitions.” Prospectus supplement (424B2), filed Mar 31, 2020Pricing term sheet (FWP), filed Mar 30, 2020 | ||||||
Click or tap a row for its tranches, use of proceeds and SEC filings. Click a column header to sort. Totals are in U.S. dollars; the second line shows the currency the bonds were sold in.
Sources & method
Every row comes from two SEC filings, linked on the row: the final prospectus supplement and the pricing term sheet.
Scope. SEC-registered public bond offerings by Meta, Alphabet, Amazon, Microsoft and Oracle, priced since January 1, 2020, of $1 billion or more. Joint-venture and SPV bonds, such as Meta's Hyperion financing, stay on Data-Center Debt. Commercial paper, bank loans, unregistered notes and stock sales are left out. So are exchange offers, remarketings and debt taken on in acquisitions.
Currency. Offerings in euros, sterling, Canadian dollars and yen convert to U.S. dollars at the European Central Bank reference rate on the pricing date. Sterling, Canadian dollar and yen rates cross through the euro.
Use of proceeds. Each deal quotes one sentence from the prospectus supplement's own use-of-proceeds section, word for word. Most deals state general corporate purposes: 34 of the 38 sentences use those words. CCIR assigns none of the money to AI.
Totals. The totals on this tab count these bonds only. They stay out of every other total on Credit. The headline and the chart legend count deals priced since January 1, 2025. The chart and the deal table run from January 1, 2020. The chart's last quarter runs to date.