Alphabet Issues Rare 100-Year Bonds to Fund AI Infrastructure
Alphabet, Google's parent company, is issuing extremely rare 100-year bonds — also known as century bonds — to raise capital for its artificial intelligence investments. The move makes Alphabet the first technology company to issue such long-dated debt in nearly 30 years, signaling both the company's confidence in its long-term prospects and the scale of capital required for AI development.
Century bonds are uncommon financial instruments that appeal to institutional investors like pension funds and insurance companies seeking ultra-long-duration assets. For Alphabet, the issuance locks in current interest rates for a century while providing immediate capital for building out data centers, custom AI chips, and other infrastructure needed to compete in the AI race against Microsoft, Amazon, and other tech giants. The move underscores how AI investment is reshaping corporate finance strategies across the technology sector.
Century bonds are uncommon financial instruments that appeal to institutional investors like pension funds and insurance companies seeking ultra-long-duration assets. For Alphabet, the issuance locks in current interest rates for a century while providing immediate capital for building out data centers, custom AI chips, and other infrastructure needed to compete in the AI race against Microsoft, Amazon, and other tech giants. The move underscores how AI investment is reshaping corporate finance strategies across the technology sector.