Alphabet inaugural Australian dollar bond

Alphabet Inc. has mandated investment banks to arrange its inaugural Australia — Australian dollar bond issue, according to a message from one of the book runners reviewed by Reuters. The company is considering issuing 3-, 5-, 10- and 20-year bonds, with the shorter maturities possibly carrying fixed or floating rates and the longer ones fixed rates. The size and use of proceeds were not disclosed. This follows Alphabet's $25 billion dollar bond sale in August and an almost $85 billion equity capital raising in June. The move comes as global tech firms increasingly tap capital markets to fund massive AI spending, with Alphabet posting its first-ever negative free cash flow in its second-quarter report. Kangaroo bond sales from foreign issuers in Australia — Australian dollars are at a record high of around A$60 billion ($42 billion) so far this year, up roughly 40% from 2025, according to London Stock Exchange Group data. ANZ (bank), Deutsche Bank, Royal Bank of Canada — RBC Capital Markets and Meritz Securities are joint lead managers on the transaction.