TOKYO, May 11 (Reuters) - Alphabet, the parent

company of Google, is considering selling Japanese yen bonds,

according to a bookrunner's message seen by Reuters.

A deal could consist of a senior unsecured bond and would be

subject to market conditions, the message said. It did not

mention a potential deal size.

The world's largest technology companies are increasingly

tapping debt markets to fund costly artificial intelligence

ambitions, marking a shift from Silicon Valley's traditional

reliance on cash for investments.

Big Tech is now expected to spend more than $700 billion on

AI infrastructure this year, a sharp increase from $410 billion

in 2025.

Alphabet has mandated Mizuho, Bank of America ( BAC )

and Morgan Stanley ( MS ) to work on the potential

transaction, the message said.

A sale would mark Alphabet's first yen bond issue, according

to LSEG data.

Alphabet and Morgan Stanley ( MS ) did not immediately respond to a

request for comment from Reuters. Bank of America ( BAC ) and Mizuho

declined to comment.

Alphabet last week raised almost $17 billion through two

bond sales - a 9 billion euro ($10.6 billion) issue and a C$8.5

billion ($6.2 billion) issue, according to the company's

filings.

Alphabet raised its annual capital spending forecast in late

April by $5 ‌billion to between $180 billion and $190 billion,

and said it was planning another significant increase in 2027.

($1 = 1.3689 Canadian dollars)

($1 = 0.8508 euros)