Alphabet Looks to Raise $15 Billion From US Bond Sale

Watch on YouTube ↗  |  February 09, 2026 at 15:03  |  4:19  |  Bloomberg Markets
Speakers
Caroline Hyde — Co-Anchor, Bloomberg Tech
Dani Burger — Anchor, Bloomberg Television

Summary

Alphabet is looking to raise about $15 billion from a US high-grade dollar bond sale and is also tapping Swiss and sterling debt markets, including a rare 100-year sterling bond. The discussion frames this within a broader wave of AI-related investment-grade debt issuance, with strong demand but concerns about future pricing pressure and disclosure. The segment also covers Oracle's debt financing and an incremental iPhone 17 upgrade from Apple with weak Samsung upgrade activity.

  • Alphabet seeks about $15 billion in a US high-grade bond sale.
  • It is also tapping Swiss and sterling markets, including a rare 100-year sterling bond.
  • Caroline Hyde highlights Alphabet's AA credit rating and strong balance sheet.
  • Speakers discuss a coming wave of AI-related investment-grade debt and strong demand.
  • Dani Burger warns about 100-year hyperscaler bonds and Oracle's cash-burn financing.
  • Oracle's recent $25 billion debt sale drew $200 billion of demand.
  • Apple's iPhone 17 is described as an incremental upgrade with demand present.
  • Samsung is noted as having less of an upgrade.
Ideas
Caroline Hyde Co-Anchor, Bloomberg Tech 0:06
Alphabet bonds offer strong AI credit exposure.
Alphabet is tapping Swiss, sterling and US debt markets, including a rare 100-year sterling bond, and its rock-solid AA credit rating and best-in-class balance sheet mean strong demand for its AI-related issuance. Investors want the AI trade across the capital structure, and Alphabet's debt is a higher-quality way to play it.
Alphabet bonds MED
Caroline Hyde Co-Anchor, Bloomberg Tech 0:37
Watch AI investment-grade debt supply.
Investors should brace for roughly $400 billion of investment-grade debt issuance to finance AI, but current pricing is attractive enough to draw demand. The setup bears watching because future supply could force issuers to pay more and pressure older bonds.
AI-related investment-grade corporate bonds MED
Dani Burger Anchor, Bloomberg Television 1:01
Avoid 100-year hyperscaler bonds.
100-year bonds for hyperscalers are risky because no one knows what the next 30 years, let alone 100 years, will look like. Such long-dated debt may be justified for a company like Google with cash and a strong balance sheet, but it is questionable for cash-burning AI infrastructure issuers.
100-year hyperscaler bonds MED
Dani Burger Anchor, Bloomberg Television 1:10
Oracle debt risk from AI cash burn.
Oracle is financing AI infrastructure despite real cash burn, and bondholders have sued over insufficient disclosure about the scale of that financing. That raises credit concerns and suggests investors should be cautious on Oracle debt, even though recent issuance still attracted strong demand.
Oracle bonds MED
Dani Burger Anchor, Bloomberg Television 1:26
Buy AI trade across capital structure.
There is a wall of demand for AI exposure: equity investors have been demanding Alphabet and other hyperscaler/provider equity, while the debt market only gets new issuance every year or so. That scarcity means investors want to buy the AI trade across the capital structure.
AI-SECTOR MED
Caroline Hyde Co-Anchor, Bloomberg Tech 3:13
Apple iPhone 17 demand looks supportive.
The new iPhone 17 is an incremental upgrade with magnetic charging and better internally made chips, but the key point is that demand is present and consumers like it. Samsung has not shown much of an upgrade, which could make Apple relatively better positioned.
AAPL LOW
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This Bloomberg Markets video, published February 09, 2026, features Caroline Hyde, Dani Burger discussing Alphabet bonds, AI-related investment-grade corporate bonds, 100-year hyperscaler bonds, Oracle bonds, AI-SECTOR, AAPL. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Caroline Hyde, Dani Burger  · Tickers: Alphabet bonds, AI-related investment-grade corporate bonds, 100-year hyperscaler bonds, Oracle bonds, AI-SECTOR, AAPL