Alphabet Inc. debuted in the Japanese bond market with a 576.5 billion yen sale. The issuance equals approximately $3.6 billion. This transaction represents the largest yen-denominated bond sale by a foreign company. The deal surpassed the previous record set by Berkshire Hathaway in 2019.
Alphabet will use the proceeds to diversify funding and finance its 2026 capital expenditure plan. The company's spending plan focuses heavily on artificial intelligence infrastructure.
The multi-tranche offering included maturities ranging from three to forty years. Japanese institutional investors provided strong demand for the sale.