Alphabet Offers Eight-Tranche Deal in Its Debut Yen Bond Sale

Alphabet Inc. has begun marketing its first-ever bond sale in yen, further broadening its funding channels as the Google parent sharply increases capital spending to finance artificial intelligence efforts.

The firm is offering notes in eight tranches with maturities ranging from three to 40 years, according to a person familiar with the matter who asked not to be identified as they’re not authorized to speak publicly. The deal isn’t expected to price before Friday, the person added.