Google’s rare 100-year bond: Alphabet’s $31.5 billion debt blitz to bankroll AI buildout
Alphabet sold a £1 billion 100-year bond on Feb. 10, part of a $31.51 billion multi-currency debt raise, marking the tech sector’s first century bond since 1997. Demand for the tranche was nearly ten times the offer, with the bond carrying a 6.125% coupon and minimal investor protections, according to reports. The sale comes as Alphabet and other tech firms sharply increase spending on AI infrastructure.