Alphabet Inc. is entering the sterling and Swiss franc bond markets for the first time.
This international offering follows a $20 billion U.S. debt sale that attracted overwhelming demand. The issuance includes a 100-year sterling bond, marking the first century-bond from a technology firm since the dot-com era.
Alphabet will use the proceeds to finance its expanding artificial intelligence infrastructure. The company projects capital expenditures could reach $185 billion by 2026. This target represents nearly double the spending recorded in the previous year.
The move aligns with a broader industry trend of major tech firms utilizing debt markets to fund AI investments.