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Alphabet has raised 576.5 billion yen ($3.6 billion) through its first-ever yen-denominated bond sale, marking the largest bond issuance in Japanese currency by a foreign company, according to a term sheet released on Friday.<\/p>\n
The transaction comes as the parent company of Google continues to expand investments in artificial intelligence infrastructure while diversifying its global funding sources.<\/p>\n
The company joins a growing list of technology firms turning to international debt markets to support heavy capital spending linked to AI development and cloud infrastructure expansion.<\/p>\n
Alphabet enters Japanese debt market<\/p>\n
The yen-denominated debt issuance is Alphabet\u2019s first in the Japanese market.<\/p>\n
The company has previously issued bonds in euros, sterling, Canadian dollars, and Swiss francs as part of its broader funding strategy.<\/p>\n
Alphabet has flagged capital expenditure of as much as $190 billion this year as it accelerates investment in AI-related infrastructure and services.<\/p>\n
According to the term sheet, the company issued bonds with maturities ranging across 3, 5, 7, 10, 15, 30, and 40 years.<\/p>\n
Coupons on the bonds ranged between 1.965% and 4.599%.<\/p>\n
Mizuho Securities, Bank of America, and Morgan Stanley acted as joint bookrunners for the transaction.<\/p>\n
Investor demand exceeds previous record<\/p>\n
Demand for the offering was strong among both domestic and international investors, according to Mizuho Securities, one of the underwriters involved in the deal.<\/p>\n
The issuance surpassed the previous record for a foreign company\u2019s yen-denominated bond sale, which was set in 2019 by Berkshire Hathaway.<\/p>\n
The Warren Buffett-led conglomerate had issued 430 billion yen in bonds at the time.<\/p>\n
The strong response to Alphabet\u2019s sale reflects continued investor appetite for high-quality corporate debt despite ongoing uncertainty surrounding global interest rates and economic growth.<\/p>\n
Earnings beat expectations<\/p>\n
The bond sale comes shortly after Alphabet reported stronger-than-expected quarterly earnings.<\/p>\n
The company posted earnings per share of $5.11, well above Wall Street expectations of $2.63.<\/p>\n
The figure was also higher than the $2.81 reported during the same period a year earlier.<\/p>\n
Quarterly revenue reached $110 billion, surpassing analyst forecasts of $107 billion and representing a 22% increase year-on-year.<\/p>\n
A major contributor to the performance was the company\u2019s cloud business.<\/p>\n
Google Cloud drives growth<\/p>\n
Meanwhile, Google Cloud revenue rose 63% to $20 billion during the quarter.<\/p>\n
The segment also reported a 33% operating profit margin, reflecting improved profitability even as depreciation costs linked to infrastructure investments continued to rise.<\/p>\n
Chief executive Sundar Pichai said growing enterprise demand for AI services was a key factor behind the cloud division\u2019s performance.<\/p>\n
According to Pichai, enterprise AI offerings led growth in the cloud business for the first time, with sales increasing eightfold from a year earlier.<\/p>\n
The company\u2019s cloud backlog nearly doubled to between $460 billion and $462 billion, signalling sustained demand momentum from customers.<\/p>\n
However, Pichai also acknowledged supply limitations affecting the business.<\/p>\n
\u201cOur cloud revenue would have been higher if we were able to meet the demand,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"Alphabet has raised 576.5 billion yen ($3.6 billion) through its first-ever yen-denominated bond sale, marking the largest bond…\n","protected":false},"author":2,"featured_media":260033,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[4,450,451,3,452,453],"class_list":["post-644289","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking-news","tag-breaking-news","tag-breakingnews","tag-headlines","tag-news","tag-top-stories","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/644289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=644289"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/644289\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/260033"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=644289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=644289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=644289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}