Bars over time
Hyperscaler Bond Issuance by Year
Bonds priced by Microsoft, Alphabet, Amazon, Meta and Oracle each year, $ billions; this year to date
Plays the chart through its history. Pauses are where the data set a record or moved most.
Continuation isn't available for this series: The projection ends inside the latest period this chart plots.
Palanor calculation from the final pricing term sheets each company filed on SEC EDGAR (free writing prospectuses and 424B2 supplements). U.S. dollar principal by the month a deal priced. Only SEC-registered deals file a term sheet: Rule 144A deals, private placements and debt raised by data-center partners or special-purpose vehicles are not counted. Public domain. The five companies are named, not chosen by an AI definition. Monthly totals added up by calendar year.
How much the five largest cloud and AI spenders have raised in the bond market each year, counted deal by deal from their own SEC filings. The current year is shown to date.
What this chart reads
- Hyperscaler Bond Issuance per Month (SEC Term Sheets)as “Five hyperscalers”latest 2026-09-01
Sources
Hyperscaler Bond Issuance per Month (SEC Term Sheets). Source: Palanor calculation from SEC EDGAR pricing term sheets (FWP, 424B2). Public domain.
Charts are drawn from Palanor's signal library and recomputed from source data on every view. Transformations (changes, indexing, year-on-year rates) are Palanor's.