Alphabet raises $25B in a bond sale; sources say the offering attracted roughly $115B of peak demand and that the company plans to issue US debt twice a year (Bloomberg)
Alphabet Inc. sold $25 billion of investment-grade bonds after generous yield payouts helped secure one of the year's largest order books for AI-related debt.
Alphabet has raised $25 billion in a bond sale. The offering attracted roughly $115 billion of peak demand, according to Bloomberg.
The bond sale is part of Alphabet's plan to issue US debt twice a year. The company's move comes as it seeks to fund costly artificial intelligence investments.
Big Tech companies are expected to spend over $730 billion this year, with hyperscalers issuing more bonds to support their investments.
Brief written by urgent.news from Techmeme, Bloomberg, Economic Times Tech — 3 reports on this story. Machine-written — it may contain errors, so check the original before relying on it.
