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Alphabet sells biggest yen bond on record by foreign issuer

The Japan Times·Atsuko Fukase·18 days ago
#JeycDEG6
#yen#alphabet#bonds#ai#google#billion
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Alphabet, the parent of Google, sold ¥576.5 billion ($3.6 billion) in bonds in the largest ever yen deal by a non-Japanese company as competition to fund data centers and AI infrastructure intensifies. | BLOOMBERG Alphabet sold ¥576.5 billion ($3.6 billion) of bonds in the biggest ever yen deal by a non-Japanese company as competition to fund centers and AI infrastructure intensifies. The debut yen bond by the parent of Google includes ¥200.5 billion of five-year bonds at 50 basis points over mid-swaps, according to people familiar with the matter. There were six other tranches. The latest bond sale is part of a series of bond sales that raise close to $60 billion for the internet giant, a four-month run that ranks as one of the greatest corporate borrowing binges ever. It’s another sign that large global corporates are increasingly looking at the yen bond market as AI-driven capital spending accelerates. Yen bond sales by non-Japanese issuers have risen over 280% to ¥1.6 trillion this year.…

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