Alphabet Inc. is exploring its first-ever issuance of yen-denominated bonds to finance artificial intelligence investments. The company plans to use the capital to expand AI infrastructure and data centers.
The potential deal features senior unsecured bonds and remains dependent on market conditions. This move follows Alphabet's recent debt offerings in euros and Canadian dollars.
Alphabet mandated Mizuho, Bank of America, and Morgan Stanley to manage the transaction. The issuance aims to diversify funding sources as tech giants increasingly use debt to cover rising AI costs.
Alphabet (GOOGL) shares traded slightly lower in pre-market sessions following the news.