According to Bloomberg, Alphabet, the parent company of Google, has hired banks to arrange a potential AUD-denominated bond issuance. ANZ confirmed via email that the offering could span four maturities, with a maximum duration of up to 20 years.

Earlier this month, Alphabet issued $25 billion in USD-denominated bonds and raised nearly $85 billion through equity financing. If this AUD bond initiative proceeds, its AI capital expenditure financing channels will expand from the USD market to a global multi-currency market.

Morgan Stanley previously projected that global AI-related bond issuances would approach $570 billion by 2026, more than doubling from the previous year. As hyperscale cloud providers continue to increase capital expenditures, debt financing is emerging as a critical funding source for AI infrastructure expansion.