Alphabet, Google's parent company, plans to raise more than $30 billion through a global bond issuance, CNBC reported on Feb. 10 (local time), citing sources familiar with the matter.
That is a sharp increase from an initial $20 billion.
Alphabet is also accelerating fundraising in Europe by issuing about $11 billion in bonds. Demand is rising among investors for high-quality bonds from big tech companies leading AI, and Alphabet's moves reflect that trend, an analysis said.
In a recent earnings announcement, Alphabet said it will expand capital expenditure to as much as $185 billion this year. That is more than double the level in 2025. Total spending by big tech companies building AI infrastructure, including Amazon, Meta and Microsoft, is expected to reach $700 billion in 2026.
Chi-gyu Hwang
delight@d-today.co.kr