Google parent company Alphabet (GOOGL) is reportedly planning to sell Japanese yen-denominated bonds for the first time to help fund its artificial intelligence (A.I.) growth.
The technology giant is increasingly tapping debt markets to fund it’s A.I. ambitions. Alphabet has projected capital expenditures for 2026 of $180 billion U.S. to $190 billion U.S.
In a regulatory filing, Alphabet did not disclose the size of its upcoming Japanese yen bond sale. However, it would be the first time ever that the company has tapped the Japanese debt market.
The bond sale is expected to total several hundred billion yen, with the terms finalized by the end of May.
Alphabet has reportedly hired Bank of America (BAC) and Morgan Stanley (MS) to manage the bond sale for it.
The Google parent company isn’t alone in turning to the bond market.
The world’s largest technology companies are tapping debt markets to fund their A.I. projects and data centres, in a shift from Silicon Valley’s traditional reliance on using cash for growth.
Amazon (AMZN) recently announced plans to issue Swiss franc bonds for the first time.
The largest U.S. technology companies are expected to spend more than $700 billion U.S. on A.I. infrastructure this year, up from $410 billion U.S. in 2025.
GOOGL stock has increased 153% over the last 12 months to trade at $400.80 U.S. per share.
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