AI spending spree drives global tech debt issuance to record high
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.
