Alphabet selling very rare 100-year bonds to help fund AI investment
Text settings Story text Size Small Standard Large Width * Standard Wide Links Standard Orange * Subscribers only Learn more Minimize to nav Alphabet has lined up banks to sell a rare 100-year bond, stepping up a borrowing spree by Big Tech companies racing to fund their vast investments in AI this year. The so-called century bond will form part of a debut sterling issuance this week by Google’s parent company, said people familiar with the matter. Alphabet was also selling $20 billion of dollar bonds on Monday and lining up a Swiss franc bond sale, the people said. The dollar portion of the deal was upsized from $15 billion because of strong demand, they added. Century bonds—long-term borrowing at its most extreme—are highly…
