Alphabet considers issuing its first Australian dollar bond, and debt financing becomes a core funding source for AI infrastructure expansion

Comparing news, according to Bloomberg, Google's parent company Alphabet has hired banks to arrange for its possible initial Australian dollar bond issuance. ANZ, one of the appointed banks, confirmed via email that the issuance may cover 4 terms, up to 20 years. This is yet another move by a massive influx of US tech companies into the credit market to raise capital for AI investments. Alphabet issued $25 billion in bonds earlier this month and raised nearly $85 billion through equity financing. Combined with this Australian dollar bond program, its AI capital expenditure financing channel is rapidly expanding from the US dollar market to the global multi-currency market.

Previously, Morgan Stanley had predicted that the global AI-related bond issuance scale in 2026 would be close to $570 billion, more than double last year, and Alphabet is one of the most aggressive issuers. Capital support for hyperscale cloud businesses continues to rise, and debt financing has become a core source of funding to support the expansion of AI infrastructure.