Alphabet Inc has attracted US$100 billion (A$140.9 billion) of orders for a $15 billion bond sale as it joins other technology firms in funding infrastructure investments to meet demand from the artificial intelligence (AI) boom, according to Bloomberg.
Google’s parent company wants to raise the funds through a U.S. high-grade dollar bond sale, Bloomberg wrote in this article.
The Google parent is selling bonds in up to seven parts, according to its regulatory filing, which did not disclose the size of the sale.
It is also considering raising funds in Switzerland and the United Kingdom for the first time, including rarely seen 100-year bonds, Bloomberg reported
Cloud-computing companies are expected to make more than $630 billion of investments in total this year, mostly related to AI, according to this Reuters story..
Alphabet (NASDAQ: GOOG) class C shares closed $1.30 (0.40%) higher at $324.40 on Monday (Tuesday AEDT), capitalising the company at US$3.93 trillion (A$5.53 billion)