Feb. 9 at 8:55 PM
Alphabet plans to raise
$20 billion through a multi-currency bond sale that includes a rare 100-year “century bond” maturing in 2126, as it ramps up massive investment in AI and next-generation technologies. Reports suggest demand has exceeded
$100 billion, underscoring strong investor appetite despite a difficult bond-market backdrop.
Century bonds have a mixed history. Companies such as Coca-Cola, IBM, and Disney issued them in the 1990s to lock in what seemed like attractive long-term rates, only to see yields fall sharply later, leaving them paying expensive coupons for decades. Shifts in business fortunes also proved unpredictable, with once-dominant firms later losing market relevance.
Google’s move reflects confidence in its long-term ambitions across AI, robotics, autonomous driving, and quantum computing, while investors appear willing to bet far into the future, supported by Big Tech’s large cash reserves.
$GOOGL $F $DIS $KO $IBM