Alphabet Bond Offering Draws About $115 Billion in Orders as Company Seeks Up to $25 Billion
Alphabet’s large bond offering attracted about $115 billion in investor orders, while the Google parent is seeking to raise as much as $25 billion from the debt market, according to people familiar with the matter. The offering may be divided into as many as 10 tranches, with maturities ranging from two to 40 years. The spreads are as much as 0.4 percentage point above those on Alphabet’s existing bonds. Alphabet also told investors through its bond underwriters that it plans to issue bonds twice a year in the U.S. market. The message was likely intended to ease investor concerns about a wave of new technology-company debt coming to market. Alphabet issued $20 billion of notes in February and later priced bonds in Swiss francs, pounds, euros, Canadian dollars and yen. In the first half of 2026, Alphabet issued more than $50 billion of debt and nearly $85 billion of stock, according to Bloomberg.
The offering may be divided into as many as 10 tranches, with maturities ranging from two to 40 years. The spreads are as much as 0.4 percentage point above those on Alphabet’s existing bonds.
Alphabet also told investors through its bond underwriters that it plans to issue bonds twice a year in the U.S. market. The message was likely intended to ease investor concerns about a wave of new technology-company debt coming to market.
Alphabet issued $20 billion of notes in February and later priced bonds in Swiss francs, pounds, euros, Canadian dollars and yen. In the first half of 2026, Alphabet issued more than $50 billion of debt and nearly $85 billion of stock, according to Bloomberg.