Alphabet’s
debt sale keeps getting bigger.
The company is close to finalizing a global bond issuance in excess of $30 billion, according to two people familiar with the deal, an increase from the $20 billion it raised on Monday.
On Tuesday morning, Alphabet went to the European market to raise roughly $11 billion in sterling and Swiss francs, said the people, who asked not to be named because the details are private. Bloomberg reported earlier that Alphabet raised almost $32 billion.
Investors are showing heightened demand for high-quality paper from tech heavyweights that are leading the charge in artificial intelligence, one source said.
