Alphabet (NasdaqGS:GOOGL) has raised nearly US$60b in global bonds over the past four months to fund AI, cloud, and data center investments. In the past week, the company completed the largest-ever yen bond issuance by a foreign issuer, adding to earlier euro and Canadian dollar deals. The multi-currency bonds extend across long maturities, creating multi-decade refinancing considerations and higher leverage for Alphabet. Alphabet sits at the center of large scale AI and cloud spending,...
