Alphabet Raises $31.5B 100-Year Bond, Eyes $175–185B AI Capex
GOOG•GOOG•GOOG•GOOG•Alphabet raised $31.51 billion in February through its first century-long bond across US dollar, sterling and Swiss franc markets. The company targets $175–185 billion in 2026 capital expenditures as part of a broader $140 billion AI investment-grade bond issuance YTD representing 49% of total issuance.
Alphabet became the first tech firm in decades to issue a 100-year bond, raising $31.51 billion in February across US dollar, sterling and Swiss franc markets.
Alphabet plans to spend $175–185 billion on capital expenditures in 2026, a significant year-over-year increase to expand AI infrastructure and data centers.
AI-related companies have issued $140 billion in investment-grade bonds year-to-date, accounting for 49% of total IG issuance, while high-yield AI bonds total $21 billion or 38% of HY issuance.
