Alphabet Issues €3B Euro Bonds; Meta Plans $13B El Paso AI Center Funding
GOOG•Alphabet is selling at least €3B of euro-denominated bonds in six tranches after raising about $32B in debt earlier this year, including a 100-year issuance. Separately, Meta Platforms is arranging over $13B in debt and equity to fund a 1GW AI data center in El Paso by 2028.
1. Alphabet Euro Bond Offering
Alphabet launched a six-tranche euro-denominated bond sale totaling at least €3 billion, marking a follow-up to its roughly $32 billion multi-currency debt raise in February that included a rare 100-year bond. The move highlights Big Tech’s increasing use of debt markets to fund AI and infrastructure spending amid strong investor demand for long-dated paper.
2. Meta’s El Paso AI Center Financing
Meta Platforms is partnering with Morgan Stanley and JPMorgan Chase to secure over $13 billion in debt and equity for its planned 1GW AI data center in El Paso, Texas, boosting total investment projections to around $10 billion. The financing underscores Meta’s commitment to expanding computing capacity ahead of the facility’s targeted 2028 opening and raises questions about future debt servicing and profitability pressures.
