Alphabet Inc. launched a multi-tranche bond offering in euros and Canadian dollars on May 5, 2026. The issuance supports the company’s planned $190 billion in capital expenditures for the year. These funds will primarily finance data center construction for artificial intelligence infrastructure.
This offering follows a separate $32 billion debt deal completed earlier this year. Proceeds are designated for general corporate purposes and debt repayment. Initial price talk for the 2063 euro bond began around 205 basis points above midswaps. Alphabet shares rose slightly in pre-market trading following the announcement.