Alphabet Set to Raise $20 Billion From US Dollar Bond Sale

(Bloomberg) — Alphabet Inc. (GOOG) is set to raise $20 billion from its US dollar bond offering, exceeding earlier expectations for a $15 billion deal.

The deal comes amid booming investor demand for artificial-intelligence-linked debt, with the offering attracting more than $100 billion of orders at its peak — among the strongest ever for a corporate bond offering.

Pricing on the longest portion of the offering — a bond maturing in 2066 — tightened to a premium of 0.95 percentage point above Treasuries from 1.2 percentage point earlier, according to people with direct knowledge of the matter, who asked not to be identified because they’re not authorized to speak publicly.

Alphabet last week said it’s planning for as much as $185 billion of capital expenditures this year, more than it has spent in the past three years combined, as it invests heavily in the data centers critical to its AI ambitions.

©2026 Bloomberg L.P.