Alphabet to Sell €3 Billion in Bonds for AI Expansion

Nov 4, 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.

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