Alphabet Sells Biggest Yen Bond on Record by Foreign Issuer

Alphabet Inc. sold ¥576.5 billion ($3.6 billion) of bonds in the biggest ever yen deal by a non-Japanese company as competition to fund data centers and AI infrastructure intensifies.

The debut yen bond by the parent of Google includes ¥200.5 billion of five-year bonds at 50 basis points over mid-swaps, according to people familiar with the matter. There were six other tranches.