Alphabet Closes €6 Billion Bond Sale as Google Maps Out First Wyoming Data Center
Published on 11/08/2026 at 17:52 | Editorial boerse-global.de
Alphabet wrapped up a €6 billion senior notes offering on Thursday, a seven-tranche placement that drew orders well beyond the amount on offer, according to a mandatory disclosure filed with the SEC. The issuance pairs unsecured paper with a maturity ladder stretching from 2028 to 2045, and it lands alongside a separate multi-billion-dollar infrastructure commitment from Google.
The financing splits into six fixed-rate tranches and one floating-rate slice. That floating-rate portion totals €750 million and comes due in 2028, while the longest fixed-rate tranche — €1 billion — matures in 2045. Fixed coupons across the deal range from 3.700% to 5.250%. Alphabet had submitted the terms on November 2, and Bloomberg reported buy orders exceeding €17.1 billion for the sale, meaning investor appetite ran well past the size of the offering. Reuters, covering the launch on Monday, put demand at slightly more than €17 billion. Proceeds are earmarked for general corporate purposes, which may include retiring debt.
Wyoming Site Changes Hands
On the infrastructure side, Google confirmed Thursday it will invest $17 billion in what will be its first data center in Wyoming. The company named Tallgrass Energy, Black Hills Energy, American Electric Power and Related Digital as partners on the project, which includes a planned 702 MW fuel-cell installation together with carbon capture and storage. Google said it intends to pay for all the electricity it consumes and to cover the infrastructure needs that arise directly from its own growth.
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Reuters reported Friday that Google had taken over the data center site in southeastern Wyoming from Crusoe. Financial terms of that transaction were not disclosed, and Google did not break out a separate purchase price for the site.
Spending Plans Stay Firm
The capital commitment comes as Alphabet holds its full-year 2026 capex guidance steady at $195 billion to $205 billion. The company has also signaled that spending will climb noticeably in 2027.
Investors have had a lot to digest. Third-quarter 2026 results roughly two weeks ago sent the stock sharply lower after revenue and diluted earnings per share fell short of Wall Street expectations. Slower growth in search and sharply higher AI outlays added to the concerns. Alphabet shares gained 1.5% on Friday.
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