Alphabet Issues Bonds in Australia for First Time, Plans to Raise $3.6 Billion to Support AI Spending

According to Bloomberg, Google's parent company Alphabet launched its inaugural Australian dollar bond issuance on August 18, planning to raise approximately 5 billion Australian dollars (approximately 3.6 billion US dollars), with the funds raised to be used to address continuously rising AI infrastructure expenditures. The issuance is underwritten by institutions including Australia and New Zealand Banking Group (ANZ), offering Australian dollar notes with four maturities, with the longest maturity reaching 20 years.