Alphabet set to raise over $30 billion in global debt sale: sources
Sundar Pichai, CEO of Alphabet Inc., during the Bloomberg Tech conference in San Francisco, California, USA, on Wednesday, June 4, 2025.
David Paul Morris | Bloomberg | Getty Images
alphabet Debt selling continues to grow.
The company is close to completing a global bond issuance worth more than $30 billion, up from the $20 billion it raised on Monday, according to two sources familiar with the deal.
Sources, who asked not to be named because the details are confidential, said on Tuesday morning that Alphabet was heading to the European market to raise about $11 billion in sterling and Swiss francs. Bloomberg reported Previously, Alphabet raised almost $32 billion.
A source said investors are increasingly demanding high-quality paper from tech giants that are leaders in the field of artificial intelligence.
In its earnings report last week, Alphabet said it expects to generate up to $185 billion in capital spending this year, more than double its 2025 capital spending. The group of hyperscalers also includes: Amazon, Meta And MicrosoftCollectively, it is expected to spend close to $700 billion in 2026.
Sources said Meta is preparing a large debt offering in the first half of this year as it plans to accelerate its data center push across the US.
Analysts expect free cash flow to fall sharply this year as tech companies pour money into high-priced chips, large facilities and networking technology.
Alphabet organized a $25 billion bond sale In November. Its long-term debt quadruples to $46.5 billion in 2025. “We want to make sure that we’re doing this in a fiscally responsible way and investing appropriately, but we’re doing it in a way that maintains a very healthy financial position for the organization,” CFO Anat Ashkenazi said on last week’s earnings, assessing the company’s total investment.
— CNBC’s Jennifer Elias contributed to this report.
WRISTWATCH: Alphabet’s bond sale
