Alphabet’s debt raise fuels forecasts for record year in corporate bond sales

Google parent Alphabet tapped the U.S. high-grade bond market on Monday, adding to a ‍boom in debt funding by AI companies that analysts project will lead to a record-breaking year for corporate debt ⁠issuance.

Alphabet sold $20 billion in a seven-part series of senior unsecured notes, according to International Financing Review (IFR) data.

The company is planning an additional debut sterling offering which could include a rare 100-year bond, according to a report on Monday by ‌the Financial Times, ‌which cited people familiar with the matter.