Overview
- Alphabet disclosed in a filing that it plans its first sale of yen-denominated bonds and named Mizuho, Bank of America, and Morgan Stanley to manage the deal.
- The offering is expected to total several hundred billion yen with terms set later this month, according to a person cited in the coverage.
- A term sheet reported by Reuters indicates the notes could be sold across several maturities that may run out to 40 years if demand supports it.
- The move follows nearly $17 billion raised last week through euro and Canadian-dollar bonds as Alphabet expands its funding sources beyond U.S. markets.
- Alphabet has lifted its 2026 capital spending outlook to $180 billion to $190 billion to build AI and data centers, reflecting a wider shift as peers tap global bond markets, with Amazon preparing its first Swiss franc sale.