May. 13 at 1:18 AM
Alphabet has launched its first yen-denominated bond offering, issuing debt across eight tranches with maturities ranging from 3 to 40 years, according to Bloomberg.
The move expands the company’s funding sources as it ramps up capital spending on AI infrastructure and compute capacity. The deal is expected to be priced later this week and is being managed by Bank of America, Mizuho Securities, and Morgan Stanley.
The bond sale follows
$17 billion raised last week across other currencies, including its first Canadian dollar issuance, marking Alphabet’s fourth new-currency debt deal this year.
Big tech “hyperscalers” are increasingly tapping global debt markets to finance surging AI-related investments. Amazon also recently raised €3.6 billion in Swiss franc bonds, highlighting the broader trend of diversified funding.
Alphabet has raised its 2026 capex ceiling to
$190 billion, with total debt now exceeding
$100 billion as it continues heavy AI infrastructure investment
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