Alphabet Prepares About $15 Billion Bond Sale With Tranches Up to 100 Years

Overview

• Reports indicate Alphabet is lining up a multi-tranche offering of roughly $15 billion with maturities ranging from 3 years to 100 years.
• BofA Securities, Goldman Sachs and J.P. Morgan are named as joint global coordinators and bookrunners, with Barclays, HSBC and NatWest also on the syndicate.
• The deal under discussion includes a first SEC-registered pound sterling tranche and may add Swiss franc notes alongside dollar bonds.
• The transaction remains contingent on market conditions and could be launched quickly, with marketing limited to eligible counterparties and professional clients.
• The financing push follows Oracle’s $25 billion bond sale last week and comes after Alphabet raised $17.5 billion in November for AI, cloud and infrastructure spending.