Alphabet Inc., the parent company of Google, has raised nearly $32 billion through a series of global bond sales, marking one of the largest corporate debt offerings in recent years. The funds will primarily support the company’s aggressive expansion in artificial intelligence (AI), cloud infrastructure and data centres.
The fundraising was completed in less than 24 hours and included bonds issued in multiple currencies, such as US dollars, British pounds and Swiss francs. A notable highlight was the issuance of a rare 100-year sterling bond, a maturity that is uncommon for technology companies. The long-dated bond reportedly drew strong investor interest, reflecting confidence in Alphabet’s long-term business outlook.
The bond sale builds on a $20 billion US dollar issuance earlier and forms part of Alphabet’s broader financing strategy to meet rising capital expenditure needs. The company has significantly increased its investments in AI infrastructure as competition intensifies among global technology giants.
Investor appetite for high-quality corporate debt remains strong, particularly for companies with solid balance sheets like Alphabet. Market participants view the company as financially stable, with robust cash flows from its core advertising and cloud businesses. This strength enabled Alphabet to attract heavy demand across different maturities.
Several major tech firms are increasing spending to stay competitive in generative AI and advanced computing, leading to higher capital requirements.
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