Google owner Alphabet to tap U.S. dollar, euro bond markets

Google owner Alphabet to tap U.S. dollar, euro bond markets
Alphabet logo is seen in this illustration taken 18 September, 2025
Reuters

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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