Alphabet (GOOGL) to Sell $20B in USD Bonds, Surpasses Earlier $15B Forecast

Alphabet Inc. (GOOGL) is set to raise $20 billion via a U.S. dollar bond offering, surpassing its earlier $15 billion forecast. The sale attracted over $100 billion in orders, the strongest ever for a corporate bond offering. Pricing on the 2066-maturity tranche narrowed to a 0.95 percentage-point premium over Treasuries from 1.2 percentage point. The issuance follows Alphabet’s plan to allocate up to $185 billion in capital expenditures this year, intensifying investments in data centers supporting its AI initiatives.