Alphabet boosts debt sale again as total raise exceeds $30 billion, sources say

Alphabet is significantly increasing the size of its bond sale, with the total amount raised now exceeding $30 billion. This move is part of the company's strategy to accelerate its artificial intelligence (AI) buildout. The bond sale includes a rare 100-year bond, which Alphabet plans to issue in British pounds. This issuance marks a notable event, as it will make Alphabet the first technology company to attempt a century bond since Motorola did so in 1997. The initial bond sale was originally set at $20 billion (€16.8 billion) in US dollars but was massively oversubscribed, prompting Alphabet to expand the offering. The decision to issue a 100-year bond reflects the company's confidence in its long-term growth prospects and its commitment to investing in AI technologies. The bond sale is expected to contribute to a record year in corporate bond sales, as indicated by forecasts following Alphabet's announcement. The issuance of such a long-term bond is relatively rare in the corporate sector, particularly for technology firms, and highlights Alphabet's strategic focus on securing funding for its ambitious AI initiatives. The company's approach to financing through this bond sale underscores its intent to remain at the forefront of technological advancements while managing its capital structure effectively.