Hyperscalers' Euro Bond Binge Sparks Debt Woes for EU Firms

US hyperscalers such as Amazon and Google are tapping into euro bond markets at an unprecedented pace, borrowing billions to fund their AI data centers.

The European Central Bank (ECB) has expressed concerns that this influx of foreign capital could lead to a shortage of affordable borrowing for European firms and governments.

In recent months, US hyperscalers have aggressively entered the euro bond market, issuing bonds with yields as low as 2% to raise billions in funding. This trend has raised eyebrows at the ECB, which fears that these massive borrowings could divert funds away from local markets.