WASHINGTON, Nov 3 (Reuters) - Google owner Alphabet

is tapping the U.S. dollar and euro debt markets in a

multi-tranche senior unsecured notes offering.

The digital media and tech giant will use the proceeds from

the note sale for general corporate purposes, including the

potential repayment of a portion of its outstanding debt,

according to a Monday report by Moody's Ratings.

Alphabet last took out fresh debt in April, tapping the euro

debt market for 6.75 billion euros ($7.87 billion) for the first

time.

Tech peer Oracle itself sought $18 billion in new debt

in September, while Meta raised $30 billion in bonds

last month.

Demand for cloud and artificial intelligence services from

Alphabet and other tech conglomerates is on the rise.

"These corporations are saying they're capacity

constrained," said Emile El Nems, senior credit officer at

Moody's Ratings.

"Layer on top of that the potential demand that could be coming

in from AI computing and you say to yourself there is something

there," he added, referring to an apparent trend of tech

companies tapping the debt markets.

Alphabet, Oracle and Meta are also less levered than their

peers, he said.

Alphabet has maintained a leading market position through

its array of digital services, most notably its Google search

service where it has integrated its Gemini AI platform.

The company also holds dominant market positions through its

advertising and YouTube businesses.

A representative for Alphabet did not immediately return a

request for comment.

($1 = 0.8575 euros)