Jeez Louise … now Alphabet ($GOOGL) needs to sell debt in Australia to fund the AI spend?
This could imply that Alphabet is worried the U.S. debt markets inability to supply what they need at the price they want.
It is all so odd. On top of the fact that Alphabet and the rest of the hyperscalers need so much money to fund the capital spending frenzy we have this:
With financing needs increasing, technology companies are going further afield to access funds. Alphabet has mandated investment banks to work on an Australian dollar bond issue. It is considering 3,5, 10, and 20 year bonds although the size has not yet been announced. Alphabet raised USD25bn in dollar bonds earlier in August following an almost USD85bn equity capital raising in June. “Kangaroo” bond sales from foreign issuers in Australian dollars are already at a record high of about AUD60bn so far this year, up roughly 40% from 2025 levels.
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