After completing a record $20 billion dollar bond issuance, Google's parent company, Alphabet, quickly turned to the European market, issuing Swiss franc bonds for the first time and launching a rare 100-year sterling bond to meet its $185 billion AI infrastructure investment needs.
Alphabet will begin its first sale of Swiss franc-denominated bonds on Tuesday, offering five maturities: 3, 6, 10, 15, and 25 years. The sterling bonds will have maturities of 3, 6, 15, 32, and 100 years, marking the largest maturity bond issuance by a tech company since Motorola in 1997.
🗒️ Due to uncertainties such as technological obsolescence, mergers and acquisitions, and outdated business models, tech companies rarely issue 100-year bonds.
