Amazon.com Inc. (NASDAQ:AMZN) has started what could become one of the largest corporate bond offerings ever as it seeks funding for its artificial intelligence investments.

Amazon Targets Up To $42 Billion In Bond Sale

The wants to raise about $37 billion to $42 billion through a bond sale in U.S. dollars and euros, Bloomberg reported on Tuesday, citing people familiar with the matter.

Amazon is marketing U.S. high-grade bonds in as many as 11 tranches, with maturities ranging from 2 to 50 years, and aims to raise $25 billion to $30 billion, the bloomberg report said.

The company is also aiming to raise up to 10 billion euros through a potential eight-part debut euro bond sale with maturities ranging from two to 38 years. The euro bond market has not previously seen an eight-tranche offering.

According to the Bloomberg report, HSBC Holdings Plc, Citigroup Inc., Goldman Sachs Group Inc., and JPMorgan Chase & ...