Alphabet plans to raise $15 billion through a U.S. high-grade dollar bond sale to fund AI workloads. Hyperscalers are expected to invest over $630 billion in AI this year. The bond sale has attracted over $100 billion in orders, with initial price discussions for a 2066 bond at 1.2% above Treasuries.

Barclays predicts a surge in corporate bond issuance for M&A and debt refinancing, driven mainly by borrowing for AI investments. Alphabet forecasts $185 billion in capital expenditures this year. Major AI hyperscalers issued $121 billion in U.S. corporate bonds last year, with Oracle and Meta leading in new debt offerings.

Oracle sought $18 billion in new debt, while Meta raised $30 billion in the largest non-M&A high-grade bond sale. Technology firms are turning to debt sales to fund AI expansions, with Alphabet selling bonds in seven parts to meet the increasing demand. Reuters could not verify the reports independently.

Read more at Yahoo Finance: Alphabet looks to raise about $15 billion from US bond sale, Bloomberg News reports