Alphabet has become one of the largest sterling and Swiss franc corporate bond issuers, setting records in yen and Canadian dollar deals. Morgan Stanley predicts hyperscalers will raise about €50bn in euro debt this year to fund AI infrastructure and hedge currency exposure.
Alphabet has emerged as one of the largest issuers in the sterling and Swiss franc corporate bond markets, tapping smaller debt venues outside the U.S. with multi-billion-dollar offerings to diversify its funding base.
The company set new borrowing records with yen and Canadian dollar deals after previous sterling and Swiss franc successes, underscoring how hyperscalers are reshaping global debt markets.
Morgan Stanley forecasts hyperscalers will tap roughly €50bn in euro debt this year, aiming to finance extensive AI infrastructure investments and mitigate currency risks tied to global operations.
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