Alphabet Plans $9.4B GBP and CHF Bond Sales to Fund AI Expansion
Alphabet Inc. (GOOG) is tapping global debt markets with plans to raise at least $9.4 billion through sterling and Swiss franc-denominated bonds. The MOVE follows a $20 billion U.S. dollar offering earlier this year, signaling aggressive capital allocation toward AI infrastructure and data centers.
The UK tranche includes an ultra-rare 100-year sterling bond, targeting insurance and pension funds seeking long-dated assets. Swiss franc bonds will span maturities from 3 to 25 years. GOOG shares edged 0.4% higher to $324.40 as markets priced in the strategic leverage shift.
This debt issuance underscores Big Tech's growing reliance on capital markets to fund the AI arms race. Alphabet joins peers like Microsoft and Amazon in leveraging balance sheets for cloud computing dominance.
