The parent company of Google is preparing to raise approximately $3 billion through new debt offerings in Asia, marking its first issuance of bonds denominated in Singapore and Hong Kong dollars. Managed by HSBC and JPMorgan, the deal could be launched as early as Thursday.
The sale expands Alphabet’s debt portfolio to nine different currencies, a sharp increase from the US dollar and euro holdings it held at the start of the year. This borrowing strategy accompanies a surge in capital spending for AI infrastructure, with the company projecting total expenditures between $195 billion and $205 billion this year. Alphabet’s total long-term debt has risen to $125.1 billion from $10.9 billion at the end of 2024.
