TOKYO - Alphabet sold 576.5 billion yen ($3.6 billion) in yen-denominated bonds, the largest-ever issue by a foreign company.
It is Alphabet's first yen debt sale. The company is diversifying funding sources amid massive AI investments.
Alphabet flagged up to $190 billion in capital expenditure this year. It previously issued bonds in euros, sterling, Canadian dollars, and Swiss francs.
Demand was strong among domestic and international investors, said Mizuho Securities. The sale beat Berkshire Hathaway's 430 billion yen record in 2019.
The bonds mature in 3, 5, 7, 10, 15, 30, and 40 years, with coupons from 1.965% to 4.599%.
Mizuho Securities, Bank of America, and Morgan Stanley are joint bookrunners.
