Alphabet Inc. Chief Executive Officer Sundar Pichai during the Bloomberg Tech Conference on Wednesday, June 4, 2025 in San Francisco, California, USA.
David Paul Morris | Bloomberg | Getty Images
of the alphabet Debt sales continue to expand.
The company is close to finalizing a global bond offering worth more than $30 billion, up from the $20 billion it raised on Monday, two people familiar with the deal said.
On Tuesday morning, Alphabet went to European markets to raise about $11 billion in British pounds and Swiss francs, said the people, who requested anonymity because the details are private. Bloomberg previously reported that Alphabet had raised about $32 billion.
Investors are increasingly demanding high-quality paper from tech companies leading the way in artificial intelligence, one of the sources said.
Alphabet said in its earnings call last week that it expects to spend up to $185 billion in capital expenditures this year, more than double its 2025 capital expenditures. A group of hyperscalers. Amazon, meta and microsoftAnalysts expect free cash flow to plummet this year as tech companies pour money into expensive chips, large facilities and networking technology.
Oracle became the first major technology company to test the 2026 bond market with a $25 billion offer last week. Meta is preparing for a major bond issue in the first half of this year to accelerate its data center push across the U.S., people familiar with the matter said.
Alphabet conducted a $25 billion bond sale in November. Long-term debt will quadruple to $46.5 billion in 2025. CFO Anat Ashkenazi said on an earnings call last week that when the company considers its total investment, “we want to make sure we invest appropriately in a fiscally responsible manner, but we do so in a way that maintains a very healthy financial position for the organization.”
Alphabet did not respond to a request for comment.
—CNBC’s Jennifer Elias contributed to this report.
Spotlight: Alphabet’s bond sale
