A data center associated with Alphabet’s Google launched a record $5.7 billion high-yield bond sale on Wednesday. The issuance will finance the expansion of its artificial intelligence infrastructure.
Morgan Stanley is promoting the junk bond offering. Pricing for the debt is expected to be finalized as early as this week.
The record-breaking sale highlights Alphabet’s aggressive capital investment in the AI and cloud sectors. This move addresses surging demand for enhanced computing capabilities.