Bonds
Global corporate bond sales hit $3.7tn in first half on AI funding race
Boom driven by hyperscalers like Amazon, Oracle starting to widen credit spreads
Big U.S. tech companies are issuing tens of billions of dollars in bonds to fund AI-related projects such as data centers. (Source photos by Getty/Kyodo and Reuters)
MIYU FUKAWA, HARUKI KITAGAWA and SHINO KATAYAMA
TOKYO -- Corporate bond issuance worldwide reached $3.68 trillion in the January-June period for another first-half record as companies vie to fund artificial intelligence investments, though concern about the aggressive borrowing has investors starting to seek higher yields.