Alphabet Inc. is considering its first bond offerings in Hong Kong and Singapore dollars, seeking to raise between $2.5 billion and $3 billion, Bloomberg reported. The move would diversify the company’s funding sources as it increases spending on artificial intelligence infrastructure.
Alphabet’s third-quarter capital expenditures reached $51.4 billion, contributing to negative free cash flow and intensifying investor scrutiny of returns on its AI investments.
The potential sale follows debt offerings in several other currencies this year as Alphabet seeks to broaden its investor base. Google has also introduced two new AI chip configurations, the Tensor Processing Units (TPU) 8tx and 8i Max, designed for secure and advanced AI workloads. They are expected to be available in 2027.
Alphabet shares rose more than 1% in U.S. premarket trading Monday following news of the potential bond sale.