Alphabet to Sell €3 Billion in Bonds for AI Expansion

November 04, 2025
Alphabet plans to raise €3 billion through a multi-tranche bond sale in Europe to fund Google's ongoing AI and cloud infrastructure expansion. The sale will include six tranches with maturities from three to 39 years.

Parent company Alphabet plans to raise €3 billion ($3.45 billion) through a multi-tranche bond sale in Europe to support Google's artificial intelligence and cloud infrastructure expansion. The offering will include six benchmark tranches with maturities ranging from three to 39 years.

This marks Alphabet’s second bond sale in Europe this year. The company previously raised about €6.75 billion through a similar offering earlier in 2025. The new bond issuance is expected to strengthen funding for data centers, servers, and networking equipment required for AI workloads.

Alphabet holds credit ratings of Aa2 and AA+. Goldman Sachs, HSBC, and JPMorgan are serving as joint global coordinators and bookrunners, alongside BNP Paribas, Crédit Agricole CIB, and Deutsche Bank.

During its recent earnings call, Alphabet said it had increased its capital expenditure forecast for 2025 to between $91 billion and $93 billion, up from an initial estimate of $75 billion at the start of the year. In the most recent quarter, the company spent $24 billion, primarily on technical infrastructure.

We hope you enjoyed this article.

Consider subscribing to one of our newsletters like AI Funding Brief or Daily AI Brief.

Also, consider following us on social media:

AI Funding News AI Brief AI Brief (X)

More from: Funding

11/04
Axcelis Reports Q3 2025 Results and Highlights Merger with Veeco Instruments
11/04
Bermuda Showcases Insurtech Growth and AI Regulation Leadership at ITC Vegas 2025
11/03
Finster AI Raises $15 Million to Expand Financial Intelligence Platform
11/03
SavvyMoney Raises $225 Million to Expand Financial Wellness Platform
11/03
Commvault Surpasses $1 Billion in Annual Recurring Revenue

Subscribe to AI Funding Brief

AI Token Webinar

Industry analysis

2025 Global Business Services Agenda: Gen AI Takes Center Stage

The Hackett Group

This industry analysis by The Hackett Group explores the transformative impact of generative artificial intelligence (Gen AI) on global business services (GBS) in 2025. The study highlights the shift from exploration to acceleration of Gen AI initiatives, with 89% of executives advancing these projects to improve customer satisfaction, innovate products, and reduce costs. The report also discusses the challenges and strategies for successful Gen AI adoption, emphasizing the need for a technology-enabled operating model and the importance of reskilling the workforce.

Read more

You May Also Like