Alphabet Inc., the parent company of Google, is entering the U.S. dollar and euro debt markets with a multi-tranche senior unsecured notes issue.
According to a report by Moody’s Ratings on Monday, the technology and digital media giant intends to use the funds raised for general corporate purposes, which may include repaying part of its existing debt.
This marks Alphabet’s first return to debt markets since April, when it issued €6.75 billion ($7.87 billion) worth of euro-denominated bonds.
Its technology peers have made similar moves in recent months — Oracle (ORCL.N) raised $18 billion in September, while Meta (META.O) secured $30 billion through a bond offering last month.
Moody’s senior credit officer Emile El Nems said the rising demand for cloud and artificial intelligence services was driving this trend among major tech firms.
“These corporations are saying they’re capacity constrained,” he noted. “Add to that the surge in AI computing demand, and you can see why they’re turning to debt markets.”
El Nems also highlighted that Alphabet, Oracle and Meta carry lower debt levels compared with many of their industry counterparts.
Alphabet continues to hold a dominant position across digital services — from its flagship Google search engine, where it has integrated its Gemini AI platform, to its advertising and YouTube operations.
The company did not immediately respond to a request for comment.
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U.S. and Ukrainian negotiators have discussed an ambitious March goal for Russia and Ukraine to agree on a peace deal, though that timeline is likely to slip given a lack of agreement on the key issue of territory, according to three sources familiar with the matter.
Police in riot gear pushed toward a group of protesters who launched fireworks, flares and smoke bombs during a demonstration in Milan on Saturday, as the city hosted events on the first full day of the Milano Cortina Winter Olympics.
Storm Leonardo hit Spain and Portugal on Tuesday, forcing more than 11,000 people from their homes, as a man in Portugal died after his car was swept away by floodwaters and a second body was found in Malaga.
Iran would retaliate by striking U.S. military bases across the Middle East if it comes under attack by American forces, Foreign Minister Abbas Araghchi said on Saturday (7 January), stressing that such action should not be seen as targeting the countries hosting those bases.
At least 31 people have been killed and scores wounded in a suicide bombing at a mosque in Pakistan’s capital, Islamabad, during Friday prayers, prompting widespread international condemnation.
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A Japanese city near Mount Fuji has cancelled its annual cherry blossom festival, saying growing numbers of badly behaved tourists are disrupting daily life for residents.
Türkiye’s national energy company, TPAO, has struck a new cooperation deal with U.S. energy giant Chevron, signing a memorandum of understanding to explore joint oil and gas exploration and production opportunities, the Turkish Energy and Natural Resources Ministry announced on Thursday.
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U.S. stock markets finished mixed on Wednesday (28 January) as investors reacted calmly after the Federal Reserve left interest rates unchanged, a decision that had been widely expected and largely priced in.
The S&P 500 edged to a record closing high on Tuesday, marking its fifth consecutive day of gains, as strong advances in technology stocks offset a sharp selloff in healthcare shares and a mixed batch of corporate earnings.
Chevron is in talks with Iraq’s oil ministry over potential changes to the commercial framework governing the West Qurna 2 oilfield, one of the world’s largest producing assets, after Baghdad nationalised the field earlier this month following U.S. sanctions imposed on Russia’s Lukoil.
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