It is seeking to raise about A$5 billion (US$3.6 billion)
ALPHABET started marketing its debut Australian debt offering as the US tech giant targets its latest multi-billion dollar fundraising, with AI spending skyrocketing.
The firm is offering Aussie dollar notes in four maturities, including one as long as 20 years, according to an emailed statement from Australia & New Zealand Banking Group, one of the banks on the deal.
Alphabet is seeking to raise about A$5 billion (US$3.6 billion) in the deal, people familiar with the matter said earlier.
Alphabet last month raised its capital spending forecast to as much as US$205 billion this year, reigniting concerns about how Big Tech plans to recoup profits from the trillions of dollars they are aiming to spend on their artificial intelligence capabilities.
Alphabet trails only Amazon.com Inc. so far this year among large US corporates in tapping global debt markets for tens of billions of dollars to fund AI ambitions, even as investors become more picky about which deals to join.
In addition to the US market, Google’s parent company has also sold bonds in Swiss francs, British pounds, euros, Canadian dollars and Japanese yen in 2026.
Australia’s dollar bond market is drawing increasing attention from global treasurers and issuance by overseas borrowers is running at a record pace this year.
The Kangaroo market is benefiting from growing demand from both foreign and local investors, which is making it easier for firms to price larger deals and longer bonds. BLOOMBERG
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW Kallang Distripark set to be redeveloped for thousands of new private homes
Financial planners urge investors to consider other options as T-bills yields lose steam
Car-rental firm Charlotte Vehicle allegedly owes about S$140,000 to 34 customers
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry