Alphabet adds the yen to its bond programme, in a debut Samurai issue, funding the AI build
Mizuho, Bank of America, and Morgan Stanley have the mandate. Pricing is expected this month. The trade follows Alphabet’s record CHF, sterling and euro issuances in February and last week’s $17bn euro-Canadian-dollar combination, all targeted at the $180-190bn capex programme.
Alphabet plans to sell yen-denominated bonds for the first time, the company disclosed in a Japanese securities filing on Monday. Mizuho, Bank of America and Morgan Stanley have been mandated to run the books.
The issuance is expected to total several hundred billion yen, with pricing decisions due later this month.
It is the latest tranche of a multi-currency funding programme the company has run aggressively through 2026 to finance an AI infrastructure build that has reached eye-watering scale.
The 💜 of EU tech
The latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in...
Copyright of this story solely belongs to thenextweb.com. To see the full text click HERE
