Alphabet Raises $3.64B in Record Yen Bond Sale by Non-Japanese Issuer

According to Bloomberg, Alphabet sold 576.5 billion yen ($3.64 billion) of yen-denominated bonds in the largest yen bond deal by a non-Japanese issuer, marking the company’s first yen bond sale. The funds will support Alphabet’s data center and AI infrastructure expansion. The sale reflects growing demand from Japanese investors for higher-yielding corporate debt amid increased volatility in government bond markets, with overseas yen bond issuance surging over 280% to 1.6 trillion yen ($10.1 billion) this year.