Massive Investor Demand for Alphabet’s Global Bonds

Google’s parent company, Alphabet Inc., has raised nearly $32 billion (approximately ₹2.6 lakh crore) through a record bond issuance completed within 24 hours, as part of its aggressive expansion plans in the artificial intelligence sector. Notably, the company issued a 100 year “century bond,” creating a buzz in global financial markets. The fundraising was carried out on February 9 and 10 across multiple international markets.

Alphabet raised $20 billion in the United States, £5.5 billion (about $7.53 billion) in the United Kingdom, and 3.055 billion Swiss francs in Switzerland. The UK issuance included a £1 billion 100 year bond  the first such long-term bond issued by a major technology company since the 1990s. The funds will be used to strengthen its AI capabilities, expand the Gemini model, and build new data centers. The company plans to invest around $185 billion in capital expenditure in 2026, nearly double the previous year. The bond offering saw overwhelming investor demand, with over $100 billion in orders for US dollar bonds and nearly ten times oversubscription for the century bond.