Alphabet priced a £1 billion 100-year bond at +120bps over gilts with nearly 10x oversubscription, funding its $185 billion AI capex plan for

Alphabet's historic century bond has shed more than seven per cent of its value in just five months, amid a wider downturn in long-dated debt

Alphabet's £1 billion 100-year bond drops below 90 pence for the first time since its February launch, signaling rising long-duration debt risk.