AI
AI spending spree drives global tech debt issuance to record high
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Global technology companies have ramped up debt issuance this year to record levels, as an intensifying race to build artificial intelligence capacity forces even cash-rich firms to borrow heavily to fund that investment.
According to Dealogic data, global tech companies issued $428.3 billion of bonds in 2025 through the first week of December. U.S. firms accounted for $341.8 billion, while European and Asian tech companies issued $49.1 billion and $33 billion, respectively.
Traditionally reliant on internal cash flows, large tech firms…
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