Alphabet Inc. has secured about $115 billion in orders for its latest jumbo bond sale. The deal was announced recently, following a sell‑off in AI‑related markets. The large order book signals renewed investor appetite for AI‑linked debt.
The order book is more than four times the expected size of $25 billion. Sources familiar with the deal confirmed this figure but asked not to be identified. The result shows strong demand from institutional investors.
Bank of America, Citigroup and Wells Fargo were among the banks that managed the bond sale on Thursday. They declined to comment on the outcome. Alphabet and other managers were also silent.
The other managers on the deal include Goldman Sachs, JPMorgan Chase and Morgan Stanley. They also did not respond to inquiries. Their silence is typical for such large transactions.
This demand is higher than that seen in recent AI bond offerings by Amazon and SpaceX. Investors are attracted to the high yields and concessions offered by Alphabet. The strong interest reflects confidence in the AI boom.
Alphabet’s bond sale includes relatively generous concessions to encourage buyers. These concessions help explain the large order book. The deal is expected to set a new benchmark for AI‑related debt offerings.