Alphabet To Sell 100-Year Sterling Bond; Analysts Expect Good Demand

By Miriam Mukuru

Google parent Alphabet is selling a 100-year sterling-denominated corporate bond on Tuesday, which analysts expect should receive good demand as investors take risk on very long-dated debt that is tied to artificial-intelligence investment.

Century bonds are rare, but analysts still expect the bond to attract buyers, particularly as it comes after Alphabet's $20 billion-bond issuance saw very strong demand on Monday.

"The ability of a tech company to issue a 100-year bond shows how investors are increasingly treating hyperscalers as long-term infrastructure rather than cyclical tech," eToro global market analyst Lale Akoner said.

Alphabet's long-dated bond supply is unusual for a tech company, which often supply short-maturity or medium-maturity corporate bonds. Alphabet last week revealed plans to raise capital expenditures to $175 billion to $185 billion in 2026, up from $91 billion to $93 billion in 2025.

Analysts said choosing the U.K. for the issuance of a 100-year bond makes sense because the region attracts buyers of ultra-long-dated bonds among pension funds and insurers. Alphabet is also aiming to diversify its funding base.

"They've chosen sterling bonds not only in an attempt to expand the investor pool as much as possible, but also because they will likely be of the belief that the real value of what they must pay back on maturity will fall over time," Pepperstone analyst Michael Brown said. "You'd expect demand for the sale to be pretty healthy."

Alphabet is also selling sterling bonds maturing in 2058, 2041, 2032 and 2029, as well as Swiss franc bonds, LSEG data show.

Write to Miriam Mukuru at miriam.mukuru@wsj.com

Corrections & Amplifications

This article was corrected at 07:13 a.m. ET to because the original implied in the headline that the sale was complete.

(END) Dow Jones Newswires

February 10, 2026 06:17 ET (11:17 GMT)