Alphabet issues rare $11 billion 100-year bond to fund AI: What it means

Alphabet Inc, the parent company of Google, is in the middle of one of the largest bond sales by a technology company in recent years, Bloomberg reported. The company is raising more than $11 billion through sterling- and Swiss franc-denominated bonds, including a rare 100-year bond, also known as a “century bond”.   The move comes just days after Alphabet raised $20 billion in a multi-part US dollar bond sale that drew some of the strongest demand ever seen for a corporate offering.  What are 100-year bo ...