Why Alphabet’s 100-year sterling bond is raising new fears over debt-fuelled AI arms race

Why Alphabet’s 100-year sterling bond is raising new fears over debt-fuelled AI arms race

The novel ultra-long corporate bond diversifies the Google owner's lender base as it ramps up its capex spend.

Google's 100-year bond 'plays into' AI bubble fears

A rare 100-year bond issued by the owner of Google will compound fears that tech firms’ historic debt-fuelled capital expenditure is evidence of an AI bubble. But, this is a shot in the arm for the UK’s stuttering credit market, analyst have said. Alphabet raised £1bn of an astronomical $32bn (£23.4bn) borrowing spree via a sterling-denominated bond with a lifespan of 100 years, becoming the first tech company to issue a a so-called century bond…