Alphabet sells largest-ever euro-denominated bond of at least €9 billion ($10.5 billion) to fund AI investments

Alphabet drew more than €25.2 billion in bids for the euro bond sale spanning six tranches, with the deal also including a concurrent Canadian dollar-denominated bond offering rated AA+ by S&P Global Ratings.

The company said last week it is planning capital expenditures of as much as $190 billion this year for data centers critical to its AI goals. Proceeds from the bond offering will be used for general corporate purposes, which may include repayment of outstanding debt.

Alphabet, Meta Platforms Inc., Microsoft Corp, and Amazon.com Inc. are planning to spend as much as $725 billion this year on AI data center equipment and other capital, according to the article. Around $300 billion of various types of AI debt has already been sold.