Amazon issues record-setting Canadian dollar-denominated corporate bond deal - BNN Bloomberg
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0.050 · CENTER
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Article Excerpt
TORONTO -- Amazon has issued $14 billion (US$10.04 billion) of Canadian dollar-denominated notes, a final pricing term sheet filed with the SEC on Monday showed, marking a record size for the Canadian corporate bond market.
The previous record size of $8.5 billion was set by Google-parent Alphabet last month.
Global companies have flocked to Canada’s maple bond market this year, drawn by strong investor appetite and cheaper borrowing costs. Maple bonds are Canadian-dollar denominated bonds issued by foreign borrowers into the Canadian market.
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