Alphabet launches euro bond sale to test tech debt demand

Alphabet launched a euro-denominated bond sale on Monday across seven tranches, testing investor appetite after recent tech stock and bond selloffs tied to AI spending concerns. The offering is its second euro sale this year. The bonds, with maturities from 2 to 19 years, follow a €9-billion sale in May and a rare 100-year sterling bond in February. Recent volatility stems from disappointing Alphabet and Amazon results, with the Nasdaq falling 5 per cent in October. Analysts expect major tech firms to increase European bond issuance for infrastructure funding, tapping deep debt markets. Alphabet shares rose about 1.3 per cent in premarket trading after falling nearly 19 per cent in October.