Google Issues 36 Trillion Won in Bonds... Secures Capital for AI Investment

Meta Issues $30 Billion in Bonds, Oracle Issues $18 Billion

Alphabet, the parent company of Google, will issue bonds totaling $25 billion (approximately 35.8575 trillion won) in the US and European markets, according to Bloomberg and other sources on November 3 (local time).

Alphabet plans to issue 6.5 billion euros worth of bonds in Europe and $17.5 billion worth of bonds in the United States.

Google logo. Reuters Yonhap News

The bonds in the United States will be issued in eight tranches with maturities ranging from 3 to 50 years. Sources reported that the 50-year bonds, which have the longest maturity, have a yield set at 1.07 percentage points above US Treasury bonds.

Alphabet received orders totaling $90 billion for the bonds it is issuing.

The euro-denominated bonds Alphabet is issuing this time represent the second-largest issuance by a non-financial corporation in the region this year. Alphabet also issued 6.5 billion euros worth of bonds in Europe in April this year.

Recently, big tech companies have been investing massive amounts of capital in artificial intelligence (AI)-related infrastructure. Morgan Stanley has projected that these companies will spend approximately $3 trillion on AI-related infrastructure, such as data centers, by 2028.

Meta raised funds by issuing $30 billion worth of bonds at the end of last month, while Oracle issued $18 billion worth of bonds in September.

This content was produced with the assistance of AI translation services.