Google’s parent company, Alphabet, has sold almost $32 billion in bonds just one week after announcing plans to spend $185bn in capex in 2026.

As reported by Bloomberg, the bonds have been sold in various offerings and currencies.

The bonds included a $20 billion debt sale on Monday, February 9, split into seven parts, a sterling offer valued at $5.5 billion ($7.5bn), including tenors of three to 32 years, and a 100-year bond, Bloomberg reports, citing people “familiar with the matter.” For the sterling offering, Google saw £30bn ($41bn) in bids.

In addition, a Swiss franc offering will be a minimum of 2.75 billion francs ($3.6bn) across various maturities.

The rapid fund raise comes just one week after Google’s Q4 and full-year 2025 earnings call. During the call, executives revealed that while 2025 saw a capex of $91.4bn, the company expects to double that in 2026, with capex estimated to reach between $175-185bn, the majority of which will go towards the data center and AI build out.

Particular interest was drawn to the 100-year note offered by Google. According to Bloomberg, this is the first bond offering of that duration since a Motorola offering in 1997. The 100-year tranche was valued at £1bn ($1.4bn), and attracted £9.5bn ($13bn) in bids with an expected 120 basis points.

Bank of America Corp., Goldman Sachs Group Inc., and JPMorgan Chase & Co. are arranging both the sterling and Swiss franc offerings, with Barclays Plc, HSBC Holdings Plc, and NatWest Group Plc also on the sterling deal. BNP Paribas SA and Deutsche Bank AG are on the Swiss franc issue.

Prior to this, Google raised $7.7bn on the euro bond market in November 2025.

With all the hyperscalers planning record spending in 2026, the sector is anticipated to increase its debt. Morgan Stanley currently expects borrowing by the massive cloud-computing companies to reach $400 billion this year, up from $165 billion in 2025.

Earlier this month, Oracle rolled out $25bn in a bond offering and a $20bn equity distribution agreement.