Alphabet issues $20b bonds and plans 100‑year debt to fund AI buildout

Alphabet raised US$20 billion on February 9, 2026 in its largest ever US dollar bond sale, upsizing the deal from an initial US$15 billion on orders exceeding US$100 billion. Follow‑on coverage on February 10 details plans for additional sterling and Swiss franc bonds, including a rare 100‑year “century bond”, to help finance up to US$185 billion in 2026 capex heavily focused on AI data centers.