Alphabet seeks up to $25 billion from its latest bond sale: Bloomberg

Alphabet, the parent company of Google, is seeking up to $25 billion in a recent U.S. bond sale, according to Bloomberg News. The tech giant announced this move weeks after its capital spending outlook for 2026 sparked a significant sell-off in the market. The company is offering notes in up to 10 tranches, with maturities ranging from two to 40 years, as per a regulatory filing.

However, Reuters has not been able to independently verify the details of the offering yet, and Alphabet has not yet commented on the exact size of the sale. This latest debt raise is part of a series of moves by major tech companies to fund their escalating AI spending, marking a shift in strategy for these firms, who traditionally relied on their substantial cash reserves to finance investments.

In 2026, hyperscalers Amazon, Alphabet, Meta, and Oracle collectively issued approximately $194 billion worth of bonds, which was a 79% increase from the roughly $108 billion raised in 2025, as per a Reuters analysis of data from LSEG. Moreover, Big Tech is projected to invest over $730 billion this year, largely on AI, and this substantial allocation is already straining cash flows.

In July, Alphabet reported its first-ever negative free cash flow in its second-quarter report. Furthermore, the company recently raised its annual capital expenditure forecast for the second time this year, which has raised concerns about the speed of returns on its AI investments, especially as worries grow over delays to its key AI model.

Earlier this year, Alphabet announced an $80 billion raise through equity offerings, including a substantial investment from Berkshire Hathaway, and later increased the offering size to nearly $85 billion due to robust investor interest. The company has also sold bonds in various international currencies, including Japanese yen, Swiss francs, and British pounds, with a rare 100-year bond being issued earlier this year.