amazoncom inc amzn is preparing to issue at least 8 billion in bonds across five maturities to take advantage of an improvement in borrowing conditions for us borrowers the wall street journal reported the proceeds are earmarked for general corporate purposes the deal is the second this year after the online and cloud services giant issued 1275 billion of bonds in april that deal came just weeks after the company closed on its purchase of the mgm movie and television studio after agreeing to pay about 85 billion in cash for the nearly centuryold company behind the rocky and james bond franchises fitch ratings assigned the new notes an aaminus rating on tuesday to reflect the companys leading positions in global ecommerce and cloud computing close customer connections significant scale with more than 60 billion in 2021 ebitda good free cash flow generation and reasonable adjusted leverage expected to trend near 20x amazon stock was slightly higher premarket but has fallen 45 in the year to date while the sp 500 spx has fallen 17