Alphabet's Record 576.5 Billion Yen Deal Signals AI Funding Push
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Alphabet has sold 576.5 billion yen ($3.6 billion) in bonds, marking the largest yen deal by a non-Japanese company. This issuance is part of a broader $60 billion borrowing spree aimed at funding AI infrastructure. The deal reflects a shift towards Japan's bond market, with non-Japanese issuers increasing sales significantly this year. The 10-year tranche offers a 3.189% coupon, attracting investors amid volatility in sovereign bonds. This move may indicate Alphabet's plans to expand its presence in Japan, raising its capital expenditure outlook to $190 billion.
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