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.
The Monday debt takeout comes as Alphabet and other tech
conglomerates have seen rising demand for their cloud and
artificial intelligence services.
Tech peer Oracle itself sought $18 billion in new
debt in September, while Meta raised $30 billion in
bonds last month.
Alphabet has maintained its leading market position through
its array of digital services, most notably its Google search
service where it has integrated its Gemini AI platform.
It also holds dominant market positions through its
advertising and YouTube businesses.
($1 = 0.8575 euros)