Alphabet’s Mega Bond Plans Includes 100-Year Offering | Bloomberg Tech 2/9/2026
Summary
Bloomberg's Caroline Hyde and Ed Ludlow report on Alphabet's plans to issue $15 billion in US high-grade debt and a rare 100-year sterling note. Meanwhile, Bitcoin dips below $70,000, and Apple prepares to launch new products, including the iPhone 17e.
Key Insights
What is a 100-year bond and why is it unusual for a tech company like Alphabet?
A 100-year bond is a debt security with a maturity date 100 years from issuance, requiring the issuer to pay interest periodically and repay principal far in the future; it is unusual for tech companies because predicting technological relevance and company stability over a century is challenging, marking the first such issuance since Motorola in 1997.
What is the purpose of Alphabet's $15 billion bond issuance?
Alphabet plans to raise $15 billion through US high-grade debt, including a rare 100-year sterling note, primarily to fund massive capital expenditures on AI infrastructure and data centers, amid strong investor demand exceeding $100 billion.