Alphabet appointed a group of banks to lead a series of credit market activities in the Southern Hemisphere. The parent company of Google is targeting a raise of A$5 billion through its first ever Australian dollar bond issuance to scale artificial intelligence capabilities.

The move reflects a trend among US technology firms increasing their use of corporate debt to finance capital expenditures for AI infrastructure. This offering marks the first time the company has accessed the Australian market for bond funding.

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Key sources

  1. SOURCE@business“US tech firms flood credit markets with debt to fund investments in AI”x.com
  2. SUPPORT@firstsquawk“ALPHABET AIMS TO RAISE A$5 BILLION IN AUSTRALIAN BOND OFFERING”x.com
  3. SUPPORT@financialjuice“Alphabet appoints banks for first Australian dollar bond issuance”x.com
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