Google's parent company Alphabet plans to issue at least 3 billion euros in bonds to finance its AI expansion plan.

Jin10 data reported on November 3rd that Google's parent company Alphabet (GOOG.O) is returning to the European debt market to raise funds through a tiered issuance method to support its record capital expenditures in artificial intelligence and cloud infrastructure. This is the company's second foray into the euro bond market this year. According to informed sources, Alphabet is marketing six tranches of euro-denominated benchmark bonds with maturities ranging from 3 to 39 years, with a total issuance expected to reach at least 3 billion euros (approximately 3.5 billion dollars). Among them, the three-year bond is expected to have an interest rate about 60 basis points above the mid-term swap rate, while the longest maturity variety has a spread of about 190 basis points. This bond issuance marks the company's second appearance in the euro market in 2025. Previously, the company completed an initial transaction of 6.75 billion euros at the beginning of this year, when this multi-tranche bond received strong demand, highlighting its strategy to diversify financing channels.