Alphabet plans first yen bond sale to fund $190 billion AI spending push

AI summary

<p>Alphabet is planning its first yen-denominated bond sale across up to eight maturities, expected to total several hundred billion yen, as part of a broader push to fund $190 billion in AI capital spending this year.</p><p class="font-claude-response-body break-words whitespace-normal leading-[1.7]">Summary:</p><ul class="[li_&]:mb-0 [li_&]:mt-1 [li_&]:gap-1 [&:not(:last-child)_ul]:pb-1 [&:not(:last-child)_ol]:pb-1 list-disc flex flex-col gap-1 pl-8 mb-3"><li class="font-claude-response-body whitespace-normal break-words pl-2">Alphabet is planning its first yen-denominated bond sale in a multi-tranche offering spanning maturities of three, five, seven, ten, fifteen, twenty, thirty and forty years, subject to demand</li><li class="font-claude-response-body whitespace-normal break-words pl-2">The issuance is expected to total several hundred billion yen, though the term sheet did not disclose a precise size</li><li class="font-claude-response-body whitespace-normal break-words pl-2">The deal is part of an effort to diversify Alphabet's funding currencies and investor base; the company has previously issued bonds in euros, sterling, Canadian dollars and Swiss francs</li><li class="font-claude-response-body whitespace-normal break-words pl-2">Alphabet's capital spending doubled year-on-year in the first quarter and the company has guided for up to $190 billion in total capex this year</li><li class="font-claude-response-body whitespace-normal break-words pl-2">Big Tech is colle