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Alphabet raises 3.6 billion with first yen bond deal, smashing records and fueling AI spending
Business
Published on 15 May 2026
Its first yen bond beats a decades-old record
Alphabet has launched its first yen-denominated bond sale, issuing 576.5 billion yen (about $3.6 billion), the largest such offering by any foreign company. The debt helps fund the company’s major AI investment push and broader efforts to diversify funding sources beyond prior euro, sterling, Canadian dollar, and Swiss franc issues. Underwriters say demand was strong domestically and internationally, surpassing Berkshire Hathaway’s 2019 yen record. Bonds are set to mature from 3 to 40 years, with coupons ranging 1.965% to 4.599%.
- Alphabet issued 576.5 billion yen worth about $3.6 billion
- It is Alphabet’s first yen-denominated debt offering
- The deal becomes the largest yen bond sale by a foreign firm
- Maturities span 3, 5, 7, 10, 15, 30 and 40 years
- Coupons range from 1.965% to 4.599%
- Demand topped the prior 430 billion yen record by Berkshire Hathaway
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times