Alphabet (GOOG) (GOOGL) announced on Tuesday that it has sold $20B worth of corporate debt to help fund its artificial intelligence buildout.
The debt will be sold in seven tranches and start maturing every few years, beginning in 2029. The last tranche matures in 2066, according to the filing. The company said on Monday that it was looking to raise debt to help finance its buildout.
According to media reports, Alphabet is also considering issuing a 100-year bond. Bloomberg reported on Tuesday that Alphabet received £9.5B worth of bids for its £1B 100-year debt offering.
The Sundar Pichai-led tech giant stunned Wall Street earlier this month when it said it would spend between $175B and $185B on capital spending in 2026, as it looks to ramp up artificial intelligence momentum across the entire company.
The Google parent company is the latest giant to tap the debt markets for capex spending. Oracle (ORCL) recently sold $25B in debt to help finance its AI-related buildout.
