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2025-11-03 18:35:50
[Alphabet Plans €3 Billion Eurobond Issuance for Second Entry into European Bond Market to Boost AI and Cloud Infrastructure] ⑴ On Monday, Google's parent company, Alphabet (GOOG.US), re-entered the European debt market, planning to raise funds through a tranche of bonds to support its record capital expenditures in artificial intelligence and cloud infrastructure. This marks the tech giant's second foray into the euro bond market since 2025. ⑵ According to sources, Alphabet is currently promoting six euro-denominated benchmark bonds with maturities ranging from 3 to 39 years, with a total issuance expected to be no less than €3 billion (approximately US$3.5 billion). Specifically, the spread for the three-year bonds is approximately 60 basis points above the medium-term swap rate, while the spread for the longest-term bonds reaches around 190 basis points. ⑶ Earlier this year, Alphabet completed its first euro bond issuance of €6.75 billion, with many tranches receiving strong market demand. This second issuance not only continues its euro market strategy this year but also further demonstrates the company's strategic intention to diversify its financing channels.
