Alphabet Issues $20B Debt Offering as AI-Driven Bond Issuance Soars in 2026

Alphabet Inc (GOOGL) raised $20 billion in senior unsecured notes in a seven-part series on February 9, 2026, signaling continued momentum in AI-driven corporate bond sales. The offering follows a $25 billion Oracle note sale in early February and adds to a year likely to see issuance reach $2.46 trillion, up 11.8% from 2025, per Barclays. The five major AI hyperscalers—Amazon, Google, Meta, Microsoft, and Oracle—issued $121 billion in U.S. corporate bonds last year, with Meta’s $30 billion October deal the largest non-M&A high-grade bond sale. Morgan Stanley estimates hyperscaler bond issuance this year could reach $400 billion to support projected $500 billion in capital spending among the Big Six. Alphabet is also reportedly planning a sterling debut, potentially including a 100-year bond, according to a Financial Times report citing knowledgeable sources.