GOOGL · News · 20261102N

International Bond Funding

Alphabet Inc. · 2026-11-02 · Importance 32 · Surprise 24

Alphabet launched a seven-tranche euro bond sale, its second euro-denominated issuance in 2026, to raise funding for its AI buildout. The maturities range from two to 19 years, with initial pricing around 60 basis points over mid-swaps for the shortest fixed-rate tranche and 205 to 210 basis points for the longest notes. The transaction was expected to price on Monday, November 2, with Barclays, BNP Paribas and Deutsche Bank managing the sale.