Google Plans to Issue 100-year Bonds to Raise $15 Billion

Quick overview

Alphabet would become the second major technology company to tap the bond market in 2026, following Oracle’s US$25 billion debt issuance last week.

Alphabet, Google’s parent company, has launched preparations for a potential sterling-denominated bond offering, structured as a multi-tranche deal ranging from 3 to 100 years in maturity, according to people familiar with the matter. The company appointed BofA Securities, Goldman Sachs, and J.P. Morgan as joint global coordinators and bookrunners, while Barclays, HSBC, and NatWest will serve as additional bookrunners.

The transaction would mark Alphabet’s first SEC-registered bond issuance in GBP and would include fixed-rate, senior unsecured benchmark tranches at 3 years, long 6 years (November 2032), long 15 years (November 2041), 32 years, and 100 years.

If it proceeds, the offering could be priced as early as Tuesday, subject to market conditions. The deal will be available exclusively to eligible counterparties and professional clients.

Oracle issued a US$25 billion bond just one week ago

Alphabet would become the second major technology company to access the bond market in 2026, after Oracle raised US$25 billion in debt last week. Oracle’s deal attracted a record US$129 billion in peak demand.

While Alphabet has not publicly disclosed a specific use of proceeds across all tranches, market sources and regulators indicate the issuance is part of a broader corporate financing strategy to support investment in infrastructure, cloud services, and artificial intelligence, at a time when large technology companies are sharply increasing capex and AI-related spending.

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Ignacio Teson

Economist and Financial Analyst

Ignacio Teson is an Economist and Financial Analyst. He has more than 7 years of experience in emerging markets. He worked as an analyst and market operator at brokerage firms in Argentina and Spain.

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