Alphabet Plans Maiden 100-Year Bond Amid AI Capital Surge (GOOGL-US)

Alphabet (GOOGL-US) is launching the first 100-year corporate bond in over two decades, marking the first such issuance by a tech company since the 1990s and part of its broad fundraising effort. Bloomberg reports the issuance will be priced in British pounds, with potential pricing as early as February 11, 2026, and is the company’s maiden pound-denominated offering. This rare structure aims to access insurance and pension funds seeking ultra-long duration, and follows its November 2025 offering of $175 billion with over $900 billion in subscriptions. Alphabet plans additional ultra-long-dated notes, including in Swiss francs, to support its AI initiatives, with capital expenditures expected to double to $185 billion in 2026. Similar moves are being made by Meta (META-US) and Microsoft (MSFT-US), and Morgan Stanley forecasts cloud-computing giants to borrow about $400 billion in 2026, up from $165 billion in 2025.