Alphabet Plans Up to $5B Kangaroo Bond to Fund AI Push in Australia
Alphabet is seeking to raise up to $5 billion via a Kangaroo bond from Australia’s bond market, potentially the country’s largest corporate debt deal. The move—first Australian debt issuance by Alphabet—adds to a year-long effort to build a cash war chest for AI spending, following a $25 billion U.S. raise and other bond sales in Canada, Japan and Switzerland.