Alphabet Raises Up to $25 Billion in Bond Sale to Fund AI Infrastructure

Alphabet Inc., the parent company of Google, is raising up to $25 billion through a 10-part bond sale. The deal spans maturities from two years to 40 years and includes both fixed and floating-rate notes.

The move supports Alphabet's massive infrastructure buildout, with a 2026 capital expenditure forecast of $195 billion to $205 billion. This spending is focused on data centers, server capacity, and semiconductor infrastructure for its Gemini AI models and Google Cloud services.

The bond offering carries top-tier Aa2/AA+ credit ratings and is structured across 10 tranches to appeal to a wide range of fixed-income buyers.