Bank of America Increases Hyperscaler Issuance Forecast to $175 Billion

Bank of America Corp. increased its 2026 forecast for investment-grade debt sales by so-called hyperscalers by 25% to $175 billion, with an expectation of $65 billion in new issuance still expected this year.

The update follows Amazon.com Inc.’s $54 billion bond issuance last week after the announcement of its investment in OpenAI, which was not part of BofA’s previous estimate, analyst Tom Curcuruto said in a note to clients on Friday.